Housing prices fall for the 3rd month a row

According to the National Association of Realtors, the median selling price for housing in the United States declined by 2.8 percent in September, marking the third month in a row to see a decrease.

Sales were actually down 2.3 percent compared with September 2020 as high prices continue to keep many first-time buyers out of the market.

Mortage rates remain low but analysts expect the rate to rise to 4 percent next year. Inventories are expected to gradually increase over that time period as well.

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