By Staff Reporters
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According to a new report by CoreLogic, annual home-price appreciation has slowed for the third month in a row in July, to 15.8%, down from 18.3% in June. And between June and July, home prices actually fell by 0.3%, “a trend not seen between 2010 and 2019,” the company said. The last time home prices dropped month over month was in December 2018. CoreLogic is now expecting home prices to grow annually by 3.8% in July 2023. That’s a big drop from how home prices were trending over the last two years.
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The British Pound Sterling fell to $1.1406, a level not seen since 1985 when Margaret Thatcher was prime minister. Like many countries, Britain has been battling double-digit inflation and also the prospect of a long economic contraction.
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Filed under: Alerts Sign-Up, Alternative Investments, Investing, LifeStyle | Tagged: British Pound Sterling, home mortgages, home prices, pound sterling |
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