A new report reveals how much the average single-family home appreciated year-over-year during Q3 2023, trumping gains seen during Q2 by a modest clip according to the Federal Housing Finance Agency’s House Price Index.
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CoreLogic’s latest Home Price Index covering the month of August found that numbers are beginning to rebound after hitting an 11-year low earlier this spring.
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Lawrence Yun, chief economist and senior vice president of the National Association of Realtors (NAR), issued a statement on September 3 reporting that despite reports of more jobs, lower interest rates, and overall economic improvement, home sales are typically slow for the autumn months.
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