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US Home Prices Dip 1.4% Amid Rising Mortgage Rates

12/11/2025

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Summary

Story summary

United States home prices fell 1.4% over the last three months, according to Parcl Labs.
This comes after a period of national softness following rapid price increases during the COVID-19 pandemic.
From March 2022 to June 2023, the average 30-year fixed mortgage rate rose from 3.9% to over 7%, reducing buyer affordability.
Austin, Texas posted a 10% price decline, while Cleveland and Chicago saw price increases of 6% and 5%, respectively.

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Story summary

United States home prices fell 1.4% over the last three months, according to Parcl Labs.
This comes after a period of national softness following rapid price increases during the COVID-19 pandemic.
From March 2022 to June 2023, the average 30-year fixed mortgage rate rose from 3.9% to over 7%, reducing buyer affordability.
Austin, Texas posted a 10% price decline, while Cleveland and Chicago saw price increases of 6% and 5%, respectively.