FHFA House Price Index
The Federal Housing Finance Agency released the index report for November this week. Prices were up nationally by 0.1%. Six of nine census divisions were up or slightly flat. Down were East South Central, New England, and Middle Atlantic.
Home Prices Slowing Down
The Case-Shiller Home Price Index is reporting its first month-over-month decline in 10 months this week. Rising mortgage rates are reported to be the biggest factor.
More Moving Back Home
Rising home prices, higher mortgage rates, rising student loan debt and fewer jobs are all combining to dash younger Americans’ hopes of buying a home. Rising rents are now pushing them back into their parents’ homes.
FHFA House Price Index
The Federal Housing Finance Agency released the index report for November this week. Prices were up nationally by 0.1%. Six of nine census divisions were up or slightly flat. Down were East South Central, New England, and Middle Atlantic.
Home Prices Slowing Down
The Case-Shiller Home Price Index is reporting its first month-over-month decline in 10 months this week. Rising mortgage rates are reported to be the biggest factor.
More Moving Back Home
Rising home prices, higher mortgage rates, rising student loan debt and fewer jobs are all combining to dash younger Americans’ hopes of buying a home. Rising rents are now pushing them back into their parents’ homes.