US home sales weaken to slowest pace in more than a year as mortgage rates, home prices climb - ABC News - Breaking News, Latest News and Videos

Latest News About Real Estate Prices Retreat in Key Cities

Home prices have dropped in several US cities, according to data from Realtor.com and Fox Business. Overall, US home sales have weakened to their slowest pace in over a year. Borrowing costs are climbing at the same time.

According to data from Cotality indicates that local economies, not national trends, are the chief drivers of home prices across the country.

Sources & References