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US Housing Cools Further, With Prices Down 3% From the Peak
- Seller discounts are becoming more common as demand sags
- Higher mortgage rates, economic uncertainty discourage buyers
Houses in Boise, Idaho.
Photographer: Jeremy Erickson/BloombergThis article is for subscribers only.
The US housing slump stretched into a seventh month in January.
Home prices nationally fell 0.2% from December, according to seasonally adjusted data from S&P CoreLogic Case-Shiller. The index is now down 3% from its record high, reached in June.