Home Price Gains Slowed In May To Lowest Since 2016
Realtor.com report says home-price growth slowed to 0.9% year-over-year, as inventory growth slowed for third straight month.
Realtor.com report says home-price growth slowed to 0.9% year-over-year, as inventory growth slowed for third straight month.
Both FHFA, S&P CoreLogic Case-Shiller indexes show year-over-year, month-over-month increases.
Redfin says demand is high, but so are mortgage rates, which are keeping sellers on the sidelines.
For the four-week period ended April 23, new listings of homes for sale fell 22.4%.
S&P Index reported a 2% annual gain in February, down from 3.7% in January.
Home Price Index shows prices grew 4.7% annually from Q1 2022 to Q1 2023.
Redfin said the 25% decline for the four weeks ended April 9 was the biggest since the start of the pandemic.