Posted To: MND NewsWire

The old adage about waiting for the kettle to boil could be applied to the widely predicted deceleration of home price appreciation. It seems to be happening, but it isn’t fast. The S&P CoreLogic Case-Shiller price indexes showed slightly lower monthly and annual gains in September than in August while the Federal Housing Finance Agency’s (FHFA’s) House Price Index (HPI) was unchanged from the previous report on an annual basis but down fractionally month-over-month. Case-Shiller’s National Home Index, covering all nine U.S. census divisions, reported a 19.5 percent annual gain in September, down from 19.8 percent in August. The 10-City Composite grew by 17.8 percent compared to 18.6 percent in the previous month and the 20-City Composite posted a 19.1 percent year-over-year gain, a half…(read more)

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Published On: November 30, 2021 / Categories: Mortgage News /