General World News

Inventory is climbing and home price growth is slowing. But demand is also falling

Annual home price gains continued to cool in April, marking the second consecutive month of pullbacks. Annual price gains of 6.1% in February slowed to revised growth of 5.7% in March and eased to to 5.1% in April, according to an ICE Mortgage Technology report released Monday.

That’s the good news.

If adjusted monthly gains were to continue at the current pace of 0.28% per month, the annual growth rate metric would fall below 4.25% in June, with home prices seeing year-over-year gains of less than 4% by July, Andy Walden, ICE Mortgage Technology’s vice president of enterprise research strategy, details ⇒

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