Yesterday (Tuesday) it was reported that the Case-Shiller house price index, which tracks prices across the US, fell by 0.6% in November, compared to October, and as mentioned, this was the fifth month in a row that house price declines were recorded. On an annual basis, the index rose by 7.7 % in November, a slowdown compared to an annual increase of 9.2% recorded in October.
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According to a separate report published, sales of existing homes in the United States fell drastically last year by 17.8%, the lowest level recorded since 2014. According to estimates by senior economists in the United States, house prices in the United States will continue their downward trend this year as well The next, when it comes to prices that will be even cheaper than last year.