5.9 C
New York
Friday, March 29, 2024

US Home Price Growth Slumps To Weakest In 7 Years

Courtesy of ZeroHedge View original post here.

S&P CoreLogic Case-Shiller’s 20-City Composite price index rose just 2.13% YoY in June – the weakest growth since August 2012.

The MoM rise of just 0.04% notably missed expectations of a 0.1% rise and the drop from 2.37% YoY was also a sizable acceleration in the decline.

Source: Bloomberg

This slide has occurred as mortgage rates have plunged…

Source: Bloomberg

But, given the lags in Case-Shiller data, there is an argument that the de-growth in prices could be about to stall (even though that’s not what we saw in early 2016).

New York City saw a decline in prices in June.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,449FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x