Braking Down The Noise

Home Prices Fell in August in Biggest Monthly Decrease Since 2011

Economists expect price growth to continue to decelerate this year


Home prices posted their biggest month-on-month decline in more than a decade in August as rising mortgage rates weighed on home-buying demand.

The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, fell 1.1% in August from July, the second straight month-over-month decline. The August decline was also the biggest month-on-month decrease since December 2011.


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