US Home Prices Decline for Fifth Consecutive Month
Prices in America’s 20 largest cities slipped 0.07% in August, less than expected, marking the second-longest downturn streak in 14 years.
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Terms & Concepts
MoM (Month-over-Month): A comparison of data between one month and the previous month, used to measure short-term changes in metrics like housing prices.
Housing Price Index: A statistical measure that tracks changes in residential property prices over time across a specific region or the entire market.