US Housing Prices Are Finally Falling #Shorts

Say goodbye to the US housing bull market. Home prices fell – finally – for the first time in a decade as mortgage rates surged. #Shorts #Housing #RealEstate
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Home prices in the US have taken a turn and are now posting the biggest monthly declines since 2009.

Median home prices fell 0.98% in August from a month earlier, following a 1.05% drop in July, mortgage-data provider Black Knight Inc. said in a report Monday. The two periods mark the largest monthly declines since January 2009.

“Together they represent two straight months of significant pullbacks after more than two years of record-breaking growth,” said Ben Graboske, Black Knight Data and Analytics president.

Read more: https://www.bloomberg.com/news/articles/2022-10-03/sinking-us-home-prices-start-to-post-significant-pullbacks

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