Posts Tagged home prices

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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Existing-Home Sales Drop Slightly in July

house on chart showing decrease in statistics

For the fourth consecutive month, existing-home sales dipped in July to their slowest pace in more than two years, according to newly released data from the National Association of Realtors® (NAR). Existing-home sales are defined by the NAR as completed residential real estate transactions that include single-family homes, townhomes, condominiums and co-ops. According to July’s data, total existing-home sales decreased 0.7 percent to a seasonally-adjusted annual rate of 5.34 million last month from 5.38 million in June. Factoring in the latest figures, existing-home sales are now 1.5 percent lower than they were a year ago and have fallen on an

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