Lower Rates, Moderating Price Growth Make a Great Environment for Buyers

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Posted To: MND NewsWire

Home prices remained stable in August, at least as reported by CoreLogic. The company’s Home Price Index (HPI) increased 3.6 percent compared to the HPI in August 2018 and was 0.4 percent higher than in July. These are identical to the rates reported for both annual and monthly changes in July. Rates of appreciation had been steadily declining prior to that and appear to have stabilized due to the impact of lower interest rates. CoreLogic’s chief economist Frank Nothaft noted that the months-long slowdown in appreciation has still left price growth well below its year-ago levels. “The 3.6 percent increase in annual home price growth this August marked a big slowdown from a year earlier when the U.S. index was up 5.5%. While the slowdown in appreciation occurred across the country at all price…(read more)

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