Logo
Blog/Walden Discusses Why Home Prices are Rising Despite Falling Demand
Alt

Mortgage Monitor in the News: Walden Discusses Why Home Prices are Rising Despite Falling Demand

By ICE Mortgage Technology
August 8, 2023 • 1 min read

The housing market continues to strengthen, despite rising interest rates. According to ICE’s August 2023 Mortgage Monitor, home prices hit another all-time high in June, on both a seasonally adjusted (SA) and non-adjusted basis.

The annual price growth rate has accelerated after slowing for 14 consecutive months. This is the inflection point we’ve been anticipating, as all of the losses from last fall have now been reversed at the national level, and the backward-looking annual home price growth rate is finally shaking off late-2022 weakness and will likely increase in coming months.

Andy Walden discussed these important trends and challenges facing those in the market to purchase real estate with Kelly Evans on CNBC‘s The Exchange and Yahoo Finance anchors Diane King Hall and Jared Blikre. Watch now

Related resources
icon

Follow us on Linkedin

icon

Access Mortgage Monitor reports

icon

2024 Borrower Insights Survey report

Read more from the Connection Point

Ready to get started? Get in touch.

Get Started