End of the season in a different market so YMMV, but the markets I follow (Reston, VA and some of the towns along the Blue Ridge Mountains) have flatlined in th

End of the season in a different market so YMMV, but the markets I follow (Reston, VA and some of the towns along the Blue Ridge Mountains) have flatlined in the last two months. Prices are steady or falling and I'm seeing houses that went under contract in early August return to the market. People definitely seem unsure. Funny, I remember the early 80s, when rates were around 18%. The house my parents bought back then was, in part, selected because the existing mortgage was transferable and at a lower rate (~9%). The last decade of rates below 5% are an anomaly. Average over the last 40 years is somewhere in the 5-6% range with many periods well above.