Home Prices Show Slower Year-to-Year Increase

Home Prices Show Slower Year-to-Year Increase

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In August, home prices in 20 U.S. cities rose by 5.6%, a slowdown from July's 6.8%. Nationally, prices increased by 5.1%, also a deceleration from the previous month. Specific cities like Detroit saw price increases, while others like San Francisco experienced declines. Despite these changes, equity index futures remained stable with a slight gain.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the percentage increase in home prices in 20 U.S. cities in August?

5.6%

5.1%

0.2%

6.8%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the national home price increase in August compare to July?

It increased from 5.1% to 5.6%

It decreased from 5.6% to 5.1%

It remained the same at 5.6%

It increased from 5.1% to 6.8%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which city led the way in home price increases in August?

Charlotte

San Francisco

San Diego

Detroit

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the month-over-month change in home prices in 20 cities in August?

0.5% decrease

0.2% increase

0.8% increase

0.5% increase

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the impact on equity index futures following the changes in home prices?

They decreased by 0.5%

They increased by 0.5%

They increased by 0.25%

They remained unchanged