MSNBC Morning Joe June 4, 2024 13:49:00
August were 13% higher than last year, that's actually down more than 2% from the month before. the largest month-over-month decline since the index started 35 years ago. >> a pause and a breath is really what the housing market is experiencing. >> reporter: the biggest price drops are in the west. san francisco down 4.3%. seattle, down 3.9%. san diego, down 2.8. the driving factor, of course, rising mortgage rates, now nearly 7%, pushing many prospective buyers out of the market. >> mortgage payments are now 75% higher than they were last year. >> reporter: rob mebok is a california in califo...