U.S. Home Prices Record First Annual Decline in More Than Three Years

U.S. home prices recorded their first annual decline in more than three years in late October, while rents moved higher, marking a reversal across two measures of housing costs. The median U.S. home sale price was 0.1% lower year over year across the four weeks ending Oct. 25. October’s national median rent, by comparison, advanced 0.1% from a year earlier. The sale-price change was its first yearly decline in more than three years; rents had also gone more than three years without an annual increase.

Source: TokenPost