US Home Prices Hit Record With Eight Straight Months of Gains

Home prices in the US extended their climb, reaching a fresh record high. A national gauge of prices rose 0.7% in September from August, according to seasonally adjusted data from S&P CoreLogic Case-Shiller. It was the eighth straight month of gains for the index, which doesn’t provide a specific dollar figure for homes. Mortgage rates above 7% have chilled the housing market, keeping both would-be buyers and sellers on the sidelines. Shoppers determined to land a purchase often get dragged into bidding wars for the scant supply of listed properties. The persistent inventory crunch has driven prices up since the ... (full story)

The news you see on this site are collected from reliable news sites. Therefore, original sources are used as much as possible.