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Home Prices at Lowest Point in More Than 10 Years
NEW YORK (CNNMoney) — Home prices fell to their lowest point in more than a decade in January, but that helped to lift the pace of home sales, according to a report from an industry trade group.
The National Association of Realtors reported that the median home price in January fell 2% from December to $154,700. That’s the lowest price reading since November of 2001, before the run-up in home prices that became known as the housing bubble.
The median price is the point at which half of homes are sold for a higher price, and half are sold at a lower price.
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Fannie Mae Survey Shows Americans Expect Home Prices to Improve
A majority of Americans believe mortgage rates will remain steady over the next year, while home price expectations in January improved for the fourth consecutive month in a row, Fannie Mae said in its consumer sentiment report.
The government-sponsored enterprise interviews 1,000 Americans each month to gauge consumer expectations about housing and the overall economy.
A majority of respondents expect home prices to …
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Home Prices Inch Up in August, According to S&P/Case-Shiller
NEW YORK (CNNMoney) — Home prices continued a winning streak in August, the fifth straight month of price gains, but remain lower on a year-over-year basis.
A gauge of home prices featuring 20 major cities, the S&P/Case Shiller index, reported Tuesday that prices rose …
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Home Prices Pick Up Despite Yearly Decline
NEW YORK (CNNMoney) — Home prices made a comeback during the second quarter, but the struggling housing market isn’t out of the woods yet.
Prices rose a substantial 3.6%, compared with the three months ended March 31. But home prices are …
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Case-Shiller Shows 2.4% 2nd Quarter Gain for Hub Home Prices
Home prices in Boston increased by 2.4 percent in the second quarter, according to Standard & Poor’s Case-Schiller Home Prices Index.
In the first quarter, the index rose 2.6 percent in the metropolitan Boston area. Year-over-year …
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Home Prices in U.S. Showed Signs of Stabilizing
Residential real estate prices in the U.S. decreased in the year ended in June at a slower pace than in the prior month, a sign the market may be stabilizing.
The S&P/Case-Shiller index of property values in 20 cities …
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