Home price growth has slowed. But high costs, economic worries have some buyers retreating

Published Thu, Feb 20 20251:42 PM EST

By: Ana Teresa Solá

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There are signs that the housing market is swinging to favor buyers. However, renewed worries about the economy are holding some buyers back.

On the upside for homebuyers, home price growth has slowed and mortgage rates have retreated from recent peaks.

The median sale price for homes was $375,475 in the four weeks ending February 16, up 3.7% from a year prior, according to Redfin, a real estate brokerage firm. That is the smallest increase in nearly five months. LEARN MORE…

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