U.S. House Price Growth Continues Slowdown
Report finds prices grew at slowest annual rate in 13 years, underscoring housing market ‘rebalancing'
Report finds prices grew at slowest annual rate in 13 years, underscoring housing market ‘rebalancing'
FHFA, S&P Case-Shiller indexes show slower monthly and annual growth in prices.
Black Knight Mortgage Monitor Report says home listings rose 22% while price growth slowed 2%.
House prices are now 52.9% above the housing boom peak in 2006.
Title company’s chief economist says history shows rising mortgage rates may take the steam out of rising house prices, but don’t necessarily trigger a decline.
S&P CoreLogic Case-Shiller Index reports similar figures.