Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month
Already have an account? log in
Pace Of US Home Price Gains Downshifts Most Ever
Home prices posted a smaller-than-expected annual gain in July, according to one closely watched gauge, and logged a surprise monthly decline on another, underscoring the impact of higher rates and pervasive affordability concerns on the previously frothy US housing market.
The S&P CoreLogic Case-Shiller 20-City Index rose "just" 16.1% from a year ago, data out Tuesday showed. Consensus expected a 17% 12-month increase.
The national gauge rose 15.77% from last year, the slowest pace of ann
The wildcard here is hurricane season