Category: home prices fall

Home Sales Plunge Over 30 Percent in Biggest Drop on Record: Redfin

January 3, 2023
Business & Marketseconomyhome prices fallhomebuyer demandluxury homesnon-luxury homesreal estateU.S. home salesUSUS Real Estate
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Sales of luxury and non-luxury homes fell by more than 30 percent in the three months ended Nov. 30, with price growth nationwide slowing down, among which Californian metropolitan areas saw some of the biggest sales declines, according to real estate brokerage Redfin. Luxury home sales fell by 38.1 percent during the period year over…

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Home Prices Cooled Down at Fastest Pace in ‘History of the Index’

September 27, 2022
Business & Marketseconomyhigh inflationhome prices fallinflationinterest rate hikeMarketsmortgage ratesreal estateU.S. housing marketUSUS Real Estate
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U.S. home prices decelerated at a record pace in July, despite remaining elevated compared to a year back, according to S&P Dow Jones Indices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, registered a 15.8 percent gain in July 2022 compared with July 2021, a Sept….

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