US Home Prices , Rose by Over 19%, in August.<br />In August, home prices in the United States <br />jumped by a near-record amount <br />from just a year earlier.<br />ABC News reports <br />that the change comes <br />as a result of demand for <br />homes driving up prices.<br />The S&P CoreLogic Case-Shiller tracks home prices in 20 cities across the U.S. .<br />Home prices climbed 19.7% <br />in August compared to <br />the same time in 2020. .<br />In July, that increase was 20% and the <br />largest gain on record going back to 2000.<br />Home prices have now reached all-time <br />highs in each of the 20 cities tracked by the index. .<br />ABC News reports that there are signs that the price gains of the past year may be slowing down.<br />The slowing acceleration in home <br />prices suggests that buyer fatigue <br />is setting in, particularly <br />among higher-priced homes, Selma Hepp, CoreLogic Deputy Chief Economist, via ABC News.<br />According to mortgage-buyer Freddie Mac, mortgage rates climbed to 3.1% in the last week, the highest they've been since April.<br />In September, sales <br />of existing homes <br />reportedly jumped 7%.<br />There were also just 1.27 million houses <br />on the market, down 13% from 2020.<br />According to the National Association <br />of Realtors, homes are selling in about <br />17 days after hitting the market.<br />In September, 86% of homes sold were <br />on the market for under 30 days
