Home prices in August hinted at possible cooling in the market, S&P Case-Shiller says
- There are signs that price growth could be cooling off in the otherwise red-hot housing market.
- Prices rose 19.8% year over year in August, which was the same as the previous month, according to the S&P CoreLogic Case-Shiller Indices.
- "August data also suggest that the growth in housing prices, while still very strong, may be beginning to decelerate," said Craig Lazzara of S&P DJI.
There are signs that price growth could be cooling off in the otherwise red-hot housing market.
Prices rose 19.8% year over year in August, which was the same as the previous month, according to the S&P CoreLogic Case-Shiller Indices. That is the first time the annual gain hasn't increased since early 2020.
Other News