Home price growth in the US shows sign of slowing down
Source: Yahoo! Finance
Yahoo Finance
Home price growth in the US shows sign of slowing down
Amanda Fung · Editor
Tue, October 26, 2021, 9:00 AM
Home price growth in the U.S. may finally be slowing down.
Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 19.8% annual gain in August, the same from July — remaining at an all-time high. (1) The 20-City Composite posted a 19.7% annual gain, down from 20% a month earlier. The 20-City results were slightly down below analysts’ expectations of a 20% annual gain, according to Bloomberg consensus estimates.
“In August 2021, the National Composite Index rose 19.84% from year-ago levels, marginally ahead of July’s 19.75% increase. This slowing acceleration was also evident in our 10- and 20-City Composites,” said Craig J. Lazzara, managing director and global head of index investment strategy at S&P DJI, in a press statement. “Every one of our city and composite indices stands at its all-time high, and year-over-year price growth continues to be very strong, although moderating somewhat from last month’s levels. Price gains were once again broadly distributed, as all 20 cities rose, although in most cases at a slower rate than had been the case a month ago.”
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(1) https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20210629-1407760/1407760_cshomeprice-release-0629.pdf
Read more: https://finance.yahoo.com/news/case-shiller-home-price-august-2021-130013002.html
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