Home price trends depict a cooling housing market
Home price trends depict a cooling housing market
Abstract
Home prices rose by 20.2% year over year in May, slowing from 20.9% one month earlier, according to CoreLogic’s Home Price Index. The monthly increase in price levels also came in lower, at 1.8% compared to 2.6% from March to April. The market has sustained a pace of annual cost increases at 10% or more for 16 consecutive months. Rising rates are also taking a larger. rising rates are taking a bigger cut out.
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