U.S. Home-Price Growth Slowed in October_老虎社区_美港股上老虎

U.S. Home-Price Growth Slowed in October

The Wall Street Journal2021-12-28

Case-Shiller national home price index rose 19.1% in the year that ended in October Home-buying demand has surged in the past year due to low mortgage-interest rates. The S&P CoreLogic Case-Shiller ...

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SilentInvst1
·2021-12-28
It's good that price correction happens. It takes the heat. More observation required
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Angelinetang
·2021-12-28
Wow
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Fierce buyer competition for a limited number of homes for sale has pushed prices to record highs.\nThe median existing-home sale price in November rose 13.9% from a year earlier to $353,900, the National Association of Realtors said earlier this month.\nRising home prices are pushing some buyers out of the market. While the number of home sales rose in November, the proportion of first-time buyers fell to 26%, the lowest level since January 2014 and down from 32% a year earlier, according to NAR.\nThe Case-Shiller 10-city index gained 17.1% over the year ended in October, compared with a 17.9% increase in September. The 20-city index rose 18.4%, after an annual gain of 19.1% in September. Price growth accelerated in six of the 20 cities.\nEconomists surveyed by The Wall Street Journal expected the 20-city index to gain 18.6%.\nPhoenix had the fastest home-price growth in the country for the 29th straight month, at 32.3%,continuing its record streak in the top spot. 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