U.S. home prices slowed again in September as high mortgage rates further weakened demand, according to data released on Tuesday. The S&P CoreLogic Case-Shiller Index fell by 0.8 percent month-over-month in September, while rising 10.6 percent year-on-year. Meanwhile, an index that measures price growth in 20 major U.S. metro areas showed a 10.4…
Home prices drop for third straight month as U.S. market cools
The U.S. housing market pulled back even more in September, with prices slipping 1.2% from a month earlier. It was the third straight decline for the seasonally adjusted measure of prices in 20 large US cities, according to the S&P CoreLogic Case-Shiller index.