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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