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Increase aided by lower mortgage rates and better consumer confidence
U.S. home prices are returning to more stable levels after skyrocketing during the COVID-19 pandemic, and Western markets are correcting the fastest
CoreLogic’s Home Price Index revealed home prices, including distressed sales, declined on a year-over-year basis by 3.1 percent in January 2012 and by 1 percent compared to January 2012, the sixth consecutive monthly decline.
Prices were up 7.5 percent for the year ended in June, in contrast to the 11.4 percent of June 2013.
The latest Producer Price Index report shows prices declining for goods inputs to residential construction—another signal that inflation is cooling
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