General World News

Home prices and mortgages keep rising, and it might get worse still

Home prices continued to accelerate in August, rising a seasonally adjusted 0.68% from July and hitting another record high for the fourth consecutive month.

Prices in nearly half of the nation’s 50 largest markets climbed by 0.75% or more. Even on a non-adjusted basis, August’s gain of 0.24% was more than 60% larger than the 25-year average for the month, according to a mortgage monitor report from Intercontinental Exchange, Inc. (ICE).

“Either way you look at it, the increase was sufficient to push annual appreciation up to a stronger-than-expected 3.8%. This marks three months of clear acceleration in details ⇒

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