Real Estate Weekly Report - Home Appreciation Still High Despite Price Drop
Posted by Liza Alley on
Weekly Review
Newsletter - 09/12/2022
Week of September 5, 2022 in Review
News about home price appreciation and unemployment claims highlighted an otherwise quiet economic calendar, while Fed Chair Jerome Powell’s comments about inflation moved the markets. Here are the crucial takeaways:
- Home Prices Still Forecasted to Appreciate at Meaningful Level
- Initial Jobless Claims Reach Lowest Level Since Late May
- Fed Talks Tough About Inflation
Home Prices Still Forecasted to Appreciate at Meaningful Level
CoreLogic released their Home Price Index report for July, showing that home prices declined by 0.3% from June but were 15.8% higher than July last year. This annual reading declined from 18.3% in June but is still significant.…
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