Home prices continued to decline in January as higher <a href="https://foxbusiness.com/category/home-mortgage" target="_blank"><u>mortgage rates</u></a> dampened consumer demand for new houses.

Prices slid 0.6% nationally in the period from December to January, the seventh consecutive monthly decline, the S&amp;P CoreLogic Case-Shiller index showed on Tuesday.&nbsp;

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The housing market is in the midst of a correction caused by high mortgage rates, with prices declining again in January as consumer demand evaporates.

US home prices fell in January for seventh straight month

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