‘The U.S. housing market is crumbling under the weight of higher mortgage rates and rock-bottom affordability’: Prices fell the most in these U.S. states

By Aarthi Swaminathan Single-family home prices slid 1% in January, as compared to December 2022, according to data from Moody’s Analytics Americans are finding it hard to afford homes at mortgage levels now beyond 7%, according to some measures. Home prices have begun to reflect that. As mortgage rates rose in the last quarter of…