Home prices rose more slowly in August, reflecting the end of the summer selling season and higher mortgage rates, based on new data from market researcher CoreLogic. July home prices were up 0.6%.
the smallest gain since July 2016. The index increased 6.3% year-over-year after rising 6.5% the prior month, the smallest increase since December. The national home-price gauge advanced 6.2%.
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Home prices increased 6.7% in July annually from July 2016 and 0.9% monthly from June, CoreLogic’s hpi showed. corelogic also predicted home prices will increase 5% by July 2018 and 0.4% in August,
According to the CoreLogic December home value index results, the downturn in Australian housing conditions. July 2017 peak and Melbourne values are down 7.2% since peaking in November 2017. The downturn has been running. demonstrating how varied the market is based on location and price.