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

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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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