Playing the Long Game: When Will Housing Prices and Mortgage Rates Go Back Down?

Playing the Long Game: When Will Housing Prices and Mortgage Rates Go Back Down?
Home prices have been steadily increasing over the past few years. Bilanol/Shutterstock
|Updated:
0:00

If you’re in the market for a new home right now, you may feel less than confident about your prospects. Housing prices and mortgage rates are both quite high compared to historic averages.

The median home price in the United States is currently around $410,000, which is significantly higher than pre-pandemic levels. Home prices have been steadily increasing over the past few years, although the rate of growth appears to be slowing.

Rodd Mann
Rodd Mann
Author
Rodd Mann writes about carving out a creative and unique new career in a changing world. His own career has taken him all over the world, working in accounting, finance, materials, logistics and manufacturing operations. Author, teacher, writer, consultant, Rodd has worked in many high-tech roles.