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Gain insights into market changes with accelerated access to the prior month's data. Fill out the form to download your copy of the First American Data & Analytics August 2024 Home Price Index Report.
Our chief economist Mark Fleming says: “The combination of the severely unaffordable market conditions and the rate lock-in effect has largely frozen home buying and selling, contributing to the cooling but still positive pace of appreciation. However, the prospect of Federal Reserve interest rate cuts this fall has already sent mortgage rates lower in August, which may spur some buyers and sellers to act and begin to defrost market transaction volume.”
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