Home prices in the U.S. climb to record $416,000
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
Home Prices
Las Vegas home prices drop for first time in 2 years
Home prices in Las Vegas have dropped for the first time in over two years. According to the Las Vegas Review Journal, increasing mortgage rates and decreasing home sales are causing the trend. Eli Segall, a real estate reporter for the Las Vegas Review Journal, joins CBS News' Jamie Yuccas to discuss.
Rising mortgage rates impacting housing market
Lana Zak explains how the dual blow of record-high interest rates and home prices has impacted the housing market.
Mortgage rates in the U.S. jump by most in 35 years
Borrowing costs for a typical home loan surged a day after the Federal Reserve hiked its benchmark rate.
Mortgage rates jump again, sending buyers to the sideline
Interest on a standard 30-year home loan is 5.23%, up from less than 3% a year ago, according to Freddie Mac.
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