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The sharp decline in U.S. home prices continues. The past two monthly rates of change represent the most significant deceleration in the index’s history. All three composites declined as did prices in each metropolitan area. The notable exception was Miami, where prices remain elevated. 30-Year Fixed Mortgage Rates were 5.4% during this report; now, they
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CHARTS for Tuesday Tea Time → July 27, 2021 U.S. home prices continue their ascent. National housing costs increased 16.6% over the past year, as reported in today’s Case-Shiller report. So, is the cost of buying a home still in reach for most Americans? How expensive is our residential property compared to other nations globally?
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