Home prices in August increased by 6.9 percent year-over-year and 0.9 percent month-over-month, according to the CoreLogic Home Price Insights report.
Home prices in August increased by 6.9 percent year-over-year and 0.9 percent month-over-month, according to the CoreLogic Home Price Insights report.
The report forecasts the rate of year-over-year increase will slow to 4.7 percent in August 2018. A month-over-month increase of 0.1 percent is expected in September.
“While growth in home sales has stalled due to a lack of inventory during the last few months, the tight inventory has actually helped stabilize price growth,” said CoreLogic Chief Economist Frank Nothaft in a statement.