Annual home-price appreciation has slowed for the third month in a row in July, CoreLogic said. Here are the areas that saw the biggest drop in single-family home prices from June to July.
According to a new report by CoreLogic, annual home-price appreciation has slowed for the third month in a row in July, to 15.8%, down from 18.3% in June.
It takes a while for the drop in demand to show up in prices. Week after week, housing data has signaled a major slowdown in the market, as rising mortgage rates have pushed sales — and construction — downwards. The typical U.S. home value fell by $366 in July, and is now $357,107, as measured by the Zillow Home Value Index.
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