US Home Price Growth Slowed In June
Tyler Durden
Tue, 08/25/2020 – 09:06
Following May’s unexpected slowdown in growth, analysts expect June’s Case-Shiller Home Price Index to show further deceleration, and it did – but notably worse than expected.
The Case-Shiller 20-City Composite Home Price rose 3/46% YoY in June (the latest data), well below expectations of a +3.60% and May’s 3.61% prints…
Source: Bloomberg
And it seems that even with mortgage rates hitting record lows, prices have stopped appreciating so fast…
Source: Bloomberg
Is this emblematic of the exodus from the cities (highest cost housing?)
via ZeroHedge News https://ift.tt/3gsMTTp Tyler Durden