"Accounting for seasonality of home purchases, we have witnessed 14 consecutive record highs in our National Index," says Brian D. Luke, head of commodities, real & digital assets for S&P Global. "Overall, the indices continue to grow at a rate that exceeds long-run averages after accounting for inflation."
"We expect the rate of home price growth to slow somewhat over the next few months before reaccelerating amidst falling interest rates," says Realtor.com senior economist Ralph McLaughlin.
"However, with mortgage rates falling to 24-month lows and a high probability of further rate reductions, there is a significant chance that the rate of home price growth will bottom out over the next months and then reaccelerate..." says McLaughlin.
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