A new wave of inventory is putting a damper on rising U.S. home prices. Price gains slowed in the fourth quarter amid a market that has created affordability challenges, Bloomberg reported. The median price for an existing single-family home was $257,600, a 4 percent increase from a year earlier, according to the National Association of Realtors. In the third quarter of 2018, the price rose 4.8 percent year over year. “Home prices continued to rise […]
source https://therealdeal.com/2019/02/12/home-prices-are-rising-more-slowly-amid-the-affordability-crunch/
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