US home prices continued to lose momentum in August | CNN Business

Home prices rose 13% in August from the year before, a smaller jump than the 15.6% growth seen in July and 18.1% pace in June, according to the S&P CoreLogic Case-Shiller US National Home Price Index. The drop between July and August was the largest deceleration in the history of the index going back to 1987, surpassing the previous record a month prior.

3% in August from the month before, followed by Seattle and San Diego . A separate report from the Federal Housing Finance Agency also released Tuesday showed a similar trajectory in home prices in August. The FHFA House Price index, which measures changes in single-family home values, reported that home prices rose 11.9% year-over-year in August, and fell 0.7% from the previous month. In July, the index showed the first monthly decline in home prices since May 2020, the agency said.

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CNN shows have spent 50 percent of their time for 2 days tslking about Fettermans stroke. Shame on all of You!:Spend some time exposing OZ the fraud!!

On Friday morning 10/21/2023, 446 companies hit new 52-week lows. Adding to the list of thousands of publicly traded companies. This administration is destroying our retirement. Under Trump new 52 week highs were a daily occurrence. 52 week lows were rare. Stop voting Democrat!

The world needs a promotion of a public debate on the resource-based economy

HosseinRonaghi ’s life is in danger. حسین_رونقی مهسا_امینی MahsaAmini

August? Well it is November and the “days late” is expanding… Defaults are around the corner and the market pricing is going to drop about 1/3… Banks are going to be forced in both directions, AAA borrowers only and “Liar Loans… REOs on the books kills’m

🤣 CNN blames President Joe Biden for everything….

bagregg51 GRRRRRRR!!

Rising mortgage rates is due to fed rate hike to control inflation?effect is real-estate liabilities to pay more burden,consumers of product Paying more interest reducing other spending;banks and govt packeting the same interest,tax revenue/ ceteris paribus. Growth pace slowed!

ONLY FOR THE RICHIE RICH

Bidenomics

Prices here have fallen here - which is great. The cost of an average home was around $700-800K. Homes here should not cost that much. Glad the market has slowed. My first home was 8%, paying around 4-6% is fine. Always thought 2-3% was too low.

The growth rate of housing prices peaked in the spring of 2022 and has been declining over since .

Prices may continue to decelerate as Fed raises interest rates higher .

US home prices slowed in August at the fastest pace on record .

Doubling of borrowing costs has sapped demand .

Biden seen the middle class spending money and had to put a stop to it

Recession about to hit

Gotta love those 1%-ers! 🙄

Yep

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US home prices saw record slowdown in August | CNN BusinessUS home prices continued to gain ground in August, but the pace of growth slowed considerably as rising mortgage rates pushed more prospective buyers out of the market. Among other things. America should not focus only on its own interests. Balance is an important factor in the global economy. Amen Japan's exports have been sluggish due to the tightening monetary policy of the United States, and inevitably they are counting on inbound from overseas. I don't think this is a good idea given the protracted Ukrainian conflict.
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