Posted To: MND NewsWire
Altough it was forecast to happen long ago, it seems price gains throughout the U.S. are moderating . Black Knight, in its August Mortgage Monitor , claims that is the case. While prices are still rising, the company says its Home Price Index slowed each month from March through May, the first three-month slide in nearly four years. Prices in 32 states and 33 of the 50 largest markets exhibited that same pattern. Ben Graboske, executive vice president of Black Knight's Data & Analytics division said, "In May - typically one of the strongest months of the year for home price growth - every state in the nation saw home prices increase. However, the average monthly gain in value of less than one percent was the lowest for any May in the last four years. All that said, the annual rate of home...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily https://ift.tt/2vEGfE5
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