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Case-Shiller: February Home Price Growth Rate Slowest in 6.50 Years – Robby Oakes Mortgage

Four years later, the community has rebounded from a time in which half of all homeowners were "underwater" and owned more on their mortgage than their home was worth. Christopher posted on April 17, 2019 at 5:15 am (#)

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Case-Shiller: February home price growth Rate Slowest in 6.50 Years Home price growth slowed in February according to the Case-Shiller 20-City Home Price Index. Home price growth hit its lowest rate in more than six years; this indicates that the roaring growth of home prices is settling and could provide opportunities for more would-be buyers.

Mortgage rates for 30- year fixed loans fell to a record low in the week ended March 20, according to the Mortgage Bankers Association. KB Home, a Los Angeles-based homebuilder that caters to first-time buyers, last week reported a narrower loss in the quarter ended Feb. 28, and said net new-home orders rose 26 percent from a year earlier, the.

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If the gap between current house prices and their fundamental values based on an econometric model were to be corrected over the next five years in all advanced economies, real house prices would.

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Friday has brought no new reports to offset the previous day’s disappointing news that growth in the domestic economy continues to slow. Oil prices have fallen again on worries that future.

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