GON
$100 Site Donor 2024
Seems no relief in sight for rising single family home prices. The seven plus percent 30 year mortgage rates are not impacting the steady rise in home prices.
"Home prices surged to a new record high in August as the affordability crisis continues to deepen.
Prices increased 0.4% nationally in the period from July to August on a non-seasonally adjusted basis, the S&P CoreLogic Case-Shiller index showed Tuesday.
On an annual basis, prices are up 2.6% from their peak at the same time last year. It marked the highest level for the index since 1987."
"Home prices surged to a new record high in August as the affordability crisis continues to deepen.
Prices increased 0.4% nationally in the period from July to August on a non-seasonally adjusted basis, the S&P CoreLogic Case-Shiller index showed Tuesday.
Home prices jump for seventh straight month in August
U.S. home prices continued to march higher in August, according to S&P data, even as the housing market grapples with an ongoing spike in mortgage rates.
www.foxbusiness.com
On an annual basis, prices are up 2.6% from their peak at the same time last year. It marked the highest level for the index since 1987."