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Current News & Events U.S. Housing Market

Housing Market Decline: Home Prices Continued Three-Month Decrease In September

By Third PartyDecember 2, 2022

Miniature wooden houses and a red arrow down. The concept of low cost real estate. Lower mortgage interest rates. Falling prices for rental housing and apartments. Reducing demand for home buying

Source: Forbes —

TOPLINE

Home prices continued to decline for the third-straight month in September, according to data released Tuesday, after the housing market reported its largest deceleration ever in August.

KEY FACTS

Home prices declined by 1.2% between August and September, according to the S&P CoreLogic Case-Shiller Home Price Index.

The Case-Shiller 20-City Index, accounting for prices in the nation’s largest cities like New York, Los Angeles and San Francisco, fell 1.5% month-over-month as prices dropped in all major markets.