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☆ Home prices continued to soar higher across the US in the 4th quarter
  + stars: | 2024-02-27 | by ( Yuheng Zhan | ) www.businessinsider.com   time to read: +2 min
US home prices climbed up 6.5% year-over-year in the last quarter of 2023. AdvertisementUS home prices continued their rise in the last quarter of 2023, though they showed slower growth compared to the prior quarter. The Federal Housing Finance Agency on Tuesday said home prices climbed 6.5% year-over-year in the fourth quarter, up 1.5% from the third quarter, and up 0.1% on a seasonally-adjusted basis in December compared to November. "U.S. house prices increased modestly over the course of 2023," said Dr. Anju Vajja, acting deputy director for FHFA's Division of Research and Statistics. "However, the market showed signs of softening as house price appreciation was lower in the fourth quarter of the year than in the previous quarter."
Persons: —, Anju Vajja Organizations: Service, Federal Housing Finance Agency, FHFA's Division of Research, Statistics, District of Columbia, Federal Reserve, New England, West South Central Locations: Rhode, Vermont, West Virginia, Connecticut, New Jersey, Hawaii, New
☆ U.S. house annual prices slow again in September
  + stars: | 2022-11-29 | by ( ) www.reuters.com   time to read: +2 min
WASHINGTON, Nov 29 (Reuters) - U.S. single-family home prices slowed further in September as higher mortgage rates eroded demand, closely watched surveys showed on Tuesday. Monthly house prices fell in July for the first time since late 2018. House prices rose 10.6% year-on-year in September, slowing from August's increase of 12.9%. The 30-year fixed mortgage rate breached 7% in October for the first time since 2002, data from mortgage finance agency Freddie Mac showed. Tight supply will, however, likely keep a floor under house prices.
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