The November FHFA House Price Index was up 0.4% month-over-month, in line with the pace of steady gains since April. The index was up 5.8% compared to a year earlier. The increase was the same as in October when it was the slowest pace of year-on-year increases since 5.7% in June 2016.
While sales of homes have declined in recent months, prices are still on the rise, albeit more moderately. Homebuyers have a little more room to negotiate on price, but sellers of sought-after units don’t have to give too much to clinch the sale.
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