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US Home Price Growth Slows, But Main Street Gut-Punched By Rate-Rise
US home appreciation slowed as summer drew to a close, according to Tuesday's update on the nation's marquee price gauge.
The S&P Case-Shiller 20-city index rose "just" 5.2% in August, the figures showed. That was down from nearly 6% in July, but still managed to top estimates. Consensus was looking for 5.1%.
I probably don't need the scare quotes around the word "just" above. 5% doesn't actually count as blockbuster price growth. In fact, 5%'s about average. But I try to be sympathetic to
Conference Board consumer confidence number upsided. Delta to U Michigan consumer sentiment number may be due to Michigan’s shift from phone to online survey, as discussed previously.