Fall

The latest record surge in home prices is misleading - buyers are actually getting some relief

1 month ago   |   By Business Insider

"For Sale" signs are seen outside a home in Glenview, Ill., Tuesday, July 27, 2021.
Nam Y. Huh/AP Photo
US home prices rose 19.8% in August, S&P Dow Jones Indices said Tuesday, matching July's pace.
It was the first time in five months that year-over-year inflation failed to hit a record high.
Month-over-month price growth slowed from July's pace, signaling the housing market kept cooling off into the fall.
Homebuyers have a glimmer of hope. Although US prices are still soaring at record pace, the worst of the pandemic-era price surge looks to be over. Prices for US homes rose 19.8%...
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