US Home Prices Suffer 3rd Consecutive Decline For First Time Since 2012

Tuesday, August 30, 2016
By Paul Martin

by Tyler Durden
Aug 30, 2016

For the first time since Feb 2012, S&P CoreLogic’s 20-City Composite price index declined for 3 straight months (dropping 0.07% in August, in line with expectations). The non-seasonally-adjusted annual growth rate of home prices rose just 5.13% – the slowest since since Aug 2015. San Francisco and San Diego showed the weakest growth of the 20-City composite while Portland and Seattle rose the most MoM, and Atlanta and Chicago saw the largest declines in price MoM.

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