(Bloomberg) — Home prices in the US have taken a turn and are now posting the biggest monthly declines since 2009.
Median home prices fell 0.98% in August from a month earlier, following a 1.05% drop in July, Black Knight Inc. said in a report Monday. The two periods mark the largest monthly declines since January 2009.
“Together they represent two straight months of significant pullbacks after more than two years of record-breaking growth,” said Ben Graboske, Black Knight Data and Analytics president.
US home prices now posting biggest monthly drops since 2009
