Posted To: MND NewsWire

Is relief in sight for potential homeowners? Too early to tell, but Black Knight says that the rate of acceleration in home price growth did slow slightly in August, the first decline in the annual rate in 15 months . The company’s Mortgage Monitor , covering mortgage loan performance data for the month, reports that the annual appreciation in August was 19.0 percent compared to 19.4 percent over the 12 months that ended in July. Price growth slowed for single-family houses from 20 percent to 19.5 percent while the appreciation rate for condo units dipped from 15.4 to 15.2 percent. Deceleration in increases is, of course, reflected more quickly in the month-over-month data, and there the slowdown has been evident for several months. August prices were up by 0.9 percent from those in July. The…(read more)

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Source: Mortgage News Daily