Year-over-year home price growth declined by 2.3 percentage points from June to July, the largest one-month drop in the more than 27-year history of the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index“Although U.S.
housing prices remain substantially above their year-ago levels, July’s report reflects a forceful deceleration,” Craig Lazzara, managing director of S&P DJI, said in a statement.Tampa , Miami , Dallas , Charlotte and Atlanta were the top five hottest markets in year-over-year price growth.How rising mortgage rates — which have spiked further since the latest Case-Shiller data was collected — affect prices.
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