Plummeting Prices

As recently as 2/22, M-o-M house prices appreciated 1.9%, and in 3/22 they rose 2.1%, the two strongest months ever. Then appreciation rates slowed. In April appreciation was 1.7%, in May 1.3%, and in June just 0.2%. Then prices started falling. In July prices fell 0.5%, in August they declined 0.9% and in September they sank 0.7%. The housing market went from scorching hot to stone cold in six months.