Home prices fell in August from July, CoreLogic says. These are the top 5 markets at risk of steep declines.

Home-price growth has slowed for the fourth month in a row, as the housing market continues to cool amid high mortgage rates. Compared to July, home prices have fallen by 0.7%. Three-quarters of states posted declines in August.

Home-price growth has slowed for the fourth month in a row, as the housing market continues to cool amid high mortgage rates, according to one measure.

To be clear, home prices have risen for the 127th month in a row in August. But the pace of how fast prices are increasing is slowing. “‘The increased cost of homeownership has dampened buyer demand and caused prices to decelerate at a faster pace than initially expected.’” But even though price growth was slowing, “mortgage rates that are approaching 7% may cut many hopefuls out of the picture,” she added.

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