Pace Of US Home Price Gains Downshifts Most Ever

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
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