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Home Price Increases Reach All-Time High in July

Home Price Increases Reach All-Time High in July According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased 18% year-over-year in July.  CoreLogic predicts that home prices will increase on a month-over-month basis by 0.7% through August, 2022, and on a year-over-year basis by 2.7% through July, 2022.

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Pending Home Sales Down 1.8% in July

Pending Home Sales Down 1.8% in July The National Association of Realtors is reporting that pending home sales were down 1.8% in July, 2021.  The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) fell to 110.7.  In addition, they report that year-over-year contract signings were also down 8.5%.  They say the

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Existing Home Sales Up 2% in July

Existing Home Sales Up 2% in July The National Association of Realtors is reporting that existing home sales were up 2% in July to a seasonally-adjusted annual rate of 5.99 million (up 1.5% from one year ago).  Total housing inventory at the end of July was 1.32 million units, up 7.3% from one year ago. 

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