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Weekly Roundup: Art Basel is over and Why Aren't Housing Prices Falling?
Happy Friday!The #1 question I've been asked this week is about where home values are going with everything going on in the market and interest rates. Miami home prices have continued climbing even as mortgage interest rates have hit 20-year highs.Google searches for “housing collapse” haven’t been this popular since the Great Recession when housing prices actually collapsed. Yes, price increases are slowing, but they have shown to be resilient so far to the higher borrowing costs faced by buyers. The number of existing homes sold in September fell by 24% compared to a year earlier, while the median price increased by more than 8%. Read what the experts are forecasting below.