Affordability is a growing concern as mortgage rates remain high. This challenge is affecting the housing market, causing it to slow down. A decline in home prices has been observed in many major metro areas.

Further information is available on the specific areas where home prices have fallen. The trend is a year-over-year decrease, noted in the most recent available data from August.

Details on the affected areas can be found through additional sources, providing a more comprehensive look at the current state of the housing market.