Home price appreciation continues to slow
Home price appreciation continues to slow
As interest rates continued to climb in September, home buyer demand waned, further slowing the rate of home price growth.
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The double-digit home price appreciation growth could be coming to an end thanks to sellers returning to the market, according to the latest market report by CoreLogic.
The post Massive home price appreciation set to slow as sellers return appeared first on HousingWire.
The double-digit home price appreciation growth could be coming to an end thanks to sellers returning to the market, according to the latest market report by CoreLogic.
The post Massive home price appreciation set to slow as sellers return appeared first on HousingWire.
The numbers: The S&P CoreLogic Case-Shiller 20-city index posted a 21.2% year-over-year gain in April, up slightly from 21.1% in the previous month. In April, the 20-month index rose a seasonally adjusted 2.3%. A separate report from the Federal Housing Finance Agency showed a 1.6% monthly gain. And over the last year, the FHFA index was up 18.8%. Key details: Tampa, Miami and Phoenix reported the highest year-over-year gains among the 20 cities in April. Price growth was strongest in the S...
The numbers: The S&P CoreLogic Case-Shiller 20-city index posted a 21.2% year-over-year gain in April, up slightly from 21.1% in the previous month. In April, the 20-month index rose a seasonally adjusted 2.3%. A separate report from the Federal Housing Finance Agency showed a 1.6% monthly gain. And over the last year, the FHFA index was up 18.8%. Key details: Tampa, Miami and Phoenix reported the highest year-over-year gains among the 20 cities in April. Price growth was strongest in the S...
Lawrence Yun, National Association of Realtors chief economist, joins 'Power Lunch' to discuss what spurred the decline in housing data, what a rise in listings tells Yun and more.
Lawrence Yun, National Association of Realtors chief economist, joins 'Power Lunch' to discuss what spurred the decline in housing data, what a rise in listings tells Yun and more.
Prices are cooling, but they remain much higher than a year ago.
Prices are cooling, but they remain much higher than a year ago.
Despite rising 13.5% year over year in August, this is the slowest annual home price growth since spring 2021.
The post Home price growth to slow drastically next year appeared first on HousingWire.
Despite rising 13.5% year over year in August, this is the slowest annual home price growth since spring 2021.
The post Home price growth to slow drastically next year appeared first on HousingWire.
September market stats were published by the NWMLS today. Home prices have leveled off as sales continue to slip and inventory piles up. Year-over-year listing growth hit its highest level ever as the number of homes on the market reached its highest level since January 2012…
The post NWMLS: Inventory continues to climb as sales slow appeared first on Seattle Bubble.
September market stats were published by the NWMLS today. Home prices have leveled off as sales continue to slip and inventory piles up. Year-over-year listing growth hit its highest level ever as the number of homes on the market reached its highest level since January 2012…
The post NWMLS: Inventory continues to climb as sales slow appeared first on Seattle Bubble.
Annual growth in Charlotte-area home prices in August continued to slow in the latest S&P CoreLogic Case-Shiller index. Despite that, price growth in Charlotte's housing market registered among the highest of the 20 U.S. markets tracked by Case-Shiller.
Annual growth in Charlotte-area home prices in August continued to slow in the latest S&P CoreLogic Case-Shiller index. Despite that, price growth in Charlotte's housing market registered among the highest of the 20 U.S. markets tracked by Case-Shiller.
If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two key reasons experts forecast continued price growth: supply and demand. While Growing, Housing Supply Is Still Low Even though inventory is increasing this year as the market moderates, supply is sti...
If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two key reasons experts forecast continued price growth: supply and demand. While Growing, Housing Supply Is Still Low Even though inventory is increasing this year as the market moderates, supply is sti...
Home listings across Minnesota are declining, leading to rising prices on the inventory that's left.
New listings were down 6.7% in April, compared to the same period last year, according to data released Wednesday by Minnesota Realtors. The lack of new listings caused closed sales to slump 10.9%.
Meanwhile, buyers fighting for this diminished inventory caused the median price to jump 11.5% to $340,000 statewide. The average seller is now receiving 102.8% of their asking price, a .7% increase...
Home listings across Minnesota are declining, leading to rising prices on the inventory that's left.
New listings were down 6.7% in April, compared to the same period last year, according to data released Wednesday by Minnesota Realtors. The lack of new listings caused closed sales to slump 10.9%.
Meanwhile, buyers fighting for this diminished inventory caused the median price to jump 11.5% to $340,000 statewide. The average seller is now receiving 102.8% of their asking price, a .7% increase...
CNBC’s Diana Olick says that for the 10th straight month, the National Association of Home Builders (NAHB) has reported that builder confidence was down as the housing market continues to weaken. According to the NAHB/Wells Fargo Housing Market Index, builder confidence dropped 8 points in October to 38 – half of what it was 6 months ago. “This will be the first year since 2011 to see a decline for single-family starts…And given expectations for ongoing elevated interest rates due to a...
CNBC’s Diana Olick says that for the 10th straight month, the National Association of Home Builders (NAHB) has reported that builder confidence was down as the housing market continues to weaken. According to the NAHB/Wells Fargo Housing Market Index, builder confidence dropped 8 points in October to 38 – half of what it was 6 months ago. “This will be the first year since 2011 to see a decline for single-family starts…And given expectations for ongoing elevated interest rates due to a...