Home sales tumbled in August but prices held steady, at least for now, despite falling demand and rising inventories in most markets according to the latest Campbell/Inside Mortgage Finance Monthly Survey of Real Estate Market Conditions. Read More »
Tag Archives: home prices
Homeowners: Worst is Yet to Come
Homeowners have turned more pessimistic about near-term prospects for home values in their local housing markets than they have been in the past three quarters. One out of three now believes home values in their local markets have not yet reached a bottom and more than a quarter (28 percent) expect home values in will decrease over the next six months. Read More »
Price Increases Slowed Down Quickly in June
Year-over-year home prices increased in June for the fifth consecutive month, but at a much lower rate than April and May, reported CoreLogic’s Home Price Index (HPI). Read More »
Prices Rise 7.9 Percent
Despite reports that sellers were dropping prices following the expiration of the homebuyer tax credit April 30, a new national report found that prices rose an average of 7.9 percent in the second quarter over the first, though price increases on listings slowed in June. Read More »