The housing market just saw its biggest annual price drop in a decade

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The housing market has grown less affordable over the last 4 months, even as prices just saw their biggest annual decline in a decade

. That's the steepest year-over-year drop since 2012. The prior month saw a 0.1% annual dip.

All 20 major metro markets reported monthly price gains, marking the third consecutive month of across-the-board climbs. Measured annually, there was an even split among the top metros, with 10 cities seeing higher prices and 10 seeing lower prices. Chicago, Cleveland, and New York saw the steepest year-over-year price growth, at 4.6%, 3.9%, and 3.5%, respectively. mismatch between supply and demand

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines