In August, home prices fell 1.3%, declining 5.9% year over year, according to First American’s Real House Price Index. According to First American’s data, unadjusted house prices sit 8.3% above the housing boom peak. Whereas consumer buying power rose 2.5% between July and August, increasing 14.8% year over year. This means when consumer house-buying power is factored in, home prices […more]
Posted in: San Francisco
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