Home prices in August were down about 6% from their peak in June, the biggest 2-month drop in prices in nearly a decade.
Both home prices and the pace of home sales are falling nationally as higher mortgage rates cool off the market.
The Federal Reserve has been raising interest rates to fight inflation. Mortgage rates anticipate future moves by the fed and bond markets more broadly, so they rose very sharply earlier this year — from around 3% to up above 6%. Home prices nationally are still up about 8% from a year ago according to the realtor's group. Low supply and strong demand should continue to buoy up prices.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Existing home sales drop for 7th straight month in AugustThe national median home price jumped 7.7% in August from a year earlier to $389,500.
Weiterlesen »
Fairhope Home Sweet Home project making headwayGroundbreaking was the last week in May and it’s amazing how far construction has come in the four months since, especially considering setbacks from weather and much of the work coming from volunteers using donated products.
Weiterlesen »
Parkland Hospital Home Program Brings Health Care HomeParkland Hospital in Dallas County has launched an at home program. Meaning the doctors, nurses and other healthcare professionals go to the patient’s home.
Weiterlesen »
Housing Market Recession: Home Prices Fall As Rates Reach 6%—Here’s How Much Further They Could DropExisting home prices fell for a second straight month after reaching a record high in June—and some experts say they could fall 20% from their peak.
Weiterlesen »
Eagles quarterback Jalen Hurts dominant in home opener win against VikingsJalen Hurts threw for 333 yards and a touchdown and he ran for 57 yards and two more scores to lead the Philadelphia Eagles to a 24-7 win over the Minnesota Vikings.
Weiterlesen »
Johnny Cash’s California home purchased by fan for over its list priceThe Ventura, California, home — where Cash lived with his first wife Vivian Liberto — sold for $1.85 million.
Weiterlesen »