(NEXSTAR) – The days of 40-person bidding wars and offers that are six figures over asking may be over, according a recent analysis of the 2023 real estate market. The national median home price rose 17.6% in 2021, then another 10% in 2022. Those soaring prices over the past several years made home sellers happy, but now steep mortgage rates are slowing things down. “Median prices have declined on a monthly basis since mortgage rates doubled between January (2022) and October, and are likely to decline further in many markets across the country in 2023, reducing profitability for home sellers,” Rick Sharga, with real estate data tracker Attom, told the Associated Press. Why
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