Home prices down 10% nationwide

In the last nine months, home prices across the United States have fallen 10 percent, with 95 percent of U.S. metro areas showing declines. All but 11 of the 221 U.S. metro areas reported declining home prices with San Francisco (down 23 percent) ranking second only to Austin (24 percent).

Will we see a seasonable buying surge, which would probably boost prices? Or will buyers continue to  wait-and-see due to mortgage rates and economic uncertainty?

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