US home prices fell in January for seventh straight monthMarch 28, 2023 at 09:12 AM EDT
The housing market is in the midst of a correction caused by high mortgage rates, with prices declining again in January as consumer demand evaporates.
Home prices continued to decline in January as higher mortgage rates dampened consumer demand for new houses. Prices slid 0.6% nationally in the period from December to January, the seventh consecutive monthly decline, the S&P CoreLogic Case-Shiller index showed on Tuesday. This is a developing story. Please check back for updates. 
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