House price index

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Declining mortgage rates champion home-buying power, but for how long?

Mar 25, 2019By

In January 2019, home prices retreated 1.9%, but increased 7% year over year, according to First American’s Real House Price Index. First American Chief Economist Mark Fleming said moderating home prices, in conjunction with gains in household income and declining mortgage rates, boosted affordability for potential home buyers.

3d rendering of a row of luxury townhouses along a street

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