Home prices may be on the verge of cooling off

by anastasiakaufman-chime-me

PUBLISHED FRI, SEP 1 20231:10 PM EDTUPDATED FRI, SEP 1 20232:03 PM EDT

By: Diana Olick

Home prices may be turning lowerWATCH NOWVIDEO04:01Home prices may be turning lower

After rising steadily since January, home prices may now be turning lower again.

The latest read on home prices shows they hit another all-time high in July, rising 2.3% from the same month last year, according to Black Knight. That’s a bigger annual gain than the roughly 1% recorded in June, and August’s annual comparison will likely be even larger because prices began falling hard last August.

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