US Home Prices Slowed In August
View Source | October 26, 2022 1:15 am
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- Prices climbed 13.0% nationally in August from the previous year, down from 15.6% in July, the S&P CoreLogic Case-Shiller index showed on Tuesday. That’s the most considerable deceleration in the index’s history.
- “The forceful deceleration in U.S. housing prices that we noted a month ago continued in our report for August 2022,” Craig Lazzara, Managing Director at S&P Dow Jone Indices, said. “Price gains decelerated in every one of our 20 cities.
- The data show clearly that the growth rate of housing prices peaked in the spring of 2022 and has been declining ever since.”
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