- Despite cooling at a record pace in August, home prices were 13% higher nationally than last year, according to Case-Shiller.
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- New home sales fell 10.9% in September, following an unexpected gain in August. New home sales account for approximately 10% of the market.
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- Higher rates have pushed mortgage demand to nearly half of what it was last year. Last week’s purchase apps were down 42% year over year.
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