Braking Down The News

Home-Price Growth Decelerated in June

Case-Shiller index rose 18%, down from 19.9% annual rate in May

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Home-price growth slowed in June as higher mortgage rates made homeownership less affordable.

The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 18% in the year that ended in June, down from a 19.9% annual rate the prior month.

 

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