Home Prices Cooled at Fastest Pace Ever, Offering Hope for Buyers |
Home Prices Cooled at Fastest Pace Ever, Offering Hope for Buyers |
Abstract
Home prices are cooling at the fastest recorded pace by the Case-Shiller home price index. Price gains for both rent and mortgages have spiked aggressively over the past year. Mortgage rates have also climbed drastically since the beginning of the year. Inflation is still increasing on popular indexes such as the consumer price index (CPI) and personal consumption expenditures (PCE) index. But there are several ways buyers can reduce costs when buying.
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