Money Rising home prices, elevated mortgage rates: Why the spring housing market hasn’t bloomed. April 28, 2023April 28, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Rising home prices, elevated mortgage rates: Why the spring housing market hasn’t bloomed. Pending home sales decreased in March for the first time since November 2022, according to the National Association of Realtors.