Nationwide, the median sales price of an existing single-family home last quarter was up 8.6% from a year earlier, slowing from the second quarter’s 14.2% pace
Housing is one of the most weighted categories when tracking inflation, but it's also one of the most complicated to measure. WSJ’s David Harrison explains how the shelter index is calculated, and why it can muddy the inflation outlook for the Fed. Illustration: Laura KammermannU.S. home-price growth slowed sharply in the third quarter, the National Association of Realtors said Thursday, as home-buying affordability remained near its lowest level in decades.
Nationwide, the median sales price of an existing single-family home last quarter was up 8.6% from a year earlier to $398,500, according to NAR, a slowdown from the second quarter’s 14.2% pace.
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