Local home prices By CHRISTOPHER S. RUGABERAP Economics WriterTue Jan 7, 2014 6:21 AM
WASHINGTON -- U.S. home prices barely rose in November from the previous month and year-over-year gains slowed, reflecting declines in sales in the fall.Real estate data provider CoreLogic says prices increased just 0.1 percent in November from October. That‚Äôs down slightly from October and far below August‚Äôs 0.9 percent gain.The figures aren‚Äôt adjusted for seasonal patterns, such as cold winter weather that typically slows sales. Home prices have risen at a healthy 11.8 percent from a year ago, CoreLogic says. But that‚Äôs the smallest yearly gain since March.Rising home prices and higher mortgage rates held back sales at the end of last year. Existing home sales have fallen from September through November.Most economists expect sales and prices to rise in 2014, but more slowly than last year.
Author:Joshua Smith Phone: 623-703-7445 Dated: January 16th 2014 Views: 647 About Joshua: ...
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