Annual home price growth continued to slow in October, with the year-over-year price gain shrinking for the seventh consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index, released last Tuesday.
Nationwide home prices posted a yearly gain of 9.2% in October, bringing the index to a reading of 298.99. In September, the index recorded a year-over-year increase of 10.7%.
Month over month, the U.S. National Index was down 0.5%.
“These declines, of course, came after very strong price increases in late 2021 and the first half of 2022,” Craig Lazzara, the managing details ⇒
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