Housing prices in Israel fell in the latest index for August-September 2024, indicating a potential downward trend in the real estate market. The rise in prices started to moderate about six months ago, with lower average price increases in recent months. The increase in prices during the early months of the war was attributed to Israelis seeking apartments with security rooms. However, the economy and high interest rates are making it more difficult for buyers to afford homes, leading to a decrease in prices. The market has also been affected by financing incentives and discounts offered by developers, although these deals have reached a ceiling and sales of new apartments have declined. Jerusalem has seen the largest decrease in prices, with buyers preferring smaller apartments.