Home prices up 18.4% in top U.S. cities over past year: Case-Shiller
The numbers: Home-price growth continues to decelerate For the second consecutive month, home-price appreciation occurred at a slower pace, according to a major price barometer released Tuesday, reinforcing the notion that the housing market is cooling after over a year of frenzied sales.
What happened The separate national index from the Case-Shiller report showed a 19.1% annual gain, down from a 19.7% increase in September. While lower on the monthly basis, this still represented the fourth-largest annual increase in home prices over the 34-year history of the data. “U.S. home prices moved substantially higher, but at a decelerating rate,” Craig J. Lazzara, managing director at S&P DJI, said in the report. “October’s gains were below September’s, and September’s gains were below August’s.”
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