Mark Fleming

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First American: Nominal house price appreciation responsible for April’s housing affordability 

Jun 28, 2019By

In April 2019, home prices fell 0.9%, declining 0.72% year over year, according to First American’s Real House Price Index. This means unadjusted house prices now sit 2.8% above the housing boom peak. First American Chief Economist Mark Fleming said only nominal house price appreciation dampened April’s affordability.

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

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