U.S. Home Prices Ticked Up 0.2% in November from a Month Earlier
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Wire
Redfin reports home prices increased 2.6% year over year, down from 2.9% the month before and the slowest growth in records dating back more than a decade SEATTLE--(BUSINESS WIRE)--U.S. home prices climbed 0.2% month over month in November on a seasonally adjusted basis, slightly smaller than October’s 0.3% monthly increase. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.Prices rose 2.6% from a year earlier, a slightly slower growth rate than October’s 2.9% year-over-year increase. Home-price growth has been slowing since the beginning of the year; November’s year-over-year increase is the smallest in records dating back to 2012.This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of single-family homes. The RHPI measures sale prices of homes that sold during a given period, and how those prices have changed since the last time those same home
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