Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011 - CNBC

The sharp and fast rise in mortgage rates this year caused an already pricey housing market to become even less affordable.

Home prices declined 0.77% from June to July, the first monthly fall in nearly three years, according to Black Knight, a mortgage software, data and analytics firm. While the drop may seem small, it… [+2749 chars]

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