· Pending home sales and weekly reports on mortgage rates and first-time jobless claims were also released. case-shiller home price Indices: Price Growth Slows in January. S&P Case-Shiller Indices reported the slowest rate of home price growth in six years. January readings suggested that home price growth slowed due to easing demand.
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Case-Shiller: Home Price Growth Lowest in Two Years. According to its 20-City home price index, Case-Shiller said that home prices dropped by 0.10 percent to a reading of 4.50 percent year-over-year as compared to September’s reading of 4.80 percent year-over-year. Analysts expected home price growth to drop to 4.70 percent in October.
· Home price growth slowed in February according to the Case-Shiller 20-City Home Price Index. Home price growth hit its lowest rate in more than six years; this indicates that the roaring growth of home prices is settling and could provide opportunities for more would-be.
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· Home price growth has decelerated to its slowest pace since 2015. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 4.3% annual gain in January, down from 4.6% a month earlier. It also marked 10 consecutive months of decelerating price growth.
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· WASHINGTON (AP) – U.S. home prices rose at the slowest pace in more than six years in March, a sign weaker sales are keeping a lid on price increases. The S&P corelogic case-shiller 20-city home price index climbed 2.7% from a year earlier, down from an annual gain of 3% in February. Price gains in [.]