Posts Tagged home prices

Home Price Gains Slowing

mini houses on stacks of coins

The rate at which home prices are increasing appears to be slowing down, according to the latest Case-Shiller National Home Price Index. Fewer than half of the cities tracked by the organization posted price increases on an unadjusted basis in October, with annual readings also showing price gain slowdowns. The Case-Shiller National Home Price Index, which covers all nine U.S. census divisions, reported a 5.5 percent annual gain in October, which is unchanged from the year-over-year reading in September. This is noteworthy because the index had not been below 6 percent in twelve months until it fell to 5.7 percent

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Good news and bad news for home buyers: Price cuts on the rise, but size of reductions getting smaller

house on chart showing decrease in statistics

There were significantly more homes that experienced a price cut in August, according to new data released by Trulia. According to a report by the real estate listing site, 17.2 percent of US listings had a price reduction, an increase from 16.7 percent in August 2017. This marks the highest level of price cuts since 2014.

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Home Price Gains Slowed in July

house on chart showing decrease in statistics

US home price gains decelerated for the fourth consecutive month in July, in response to rising mortgage rates. The increase in rates helped slow the rapid price appreciation, bringing a welcome respite to home buyers, according to realtor.com. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, saw a 6% gain in July compared with July 2017, down from a 6.2% year-over-year increase reported in June.

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