The Case-Shiller 20-City Home Price Index (year-over-year) rose by 1.8%, beating the forecast of 1.55%, but slowing from the previous 2.1%. The broader price index showed a 2.3% increase, down from 2.6% previously. On a monthly basis, prices declined by just -0.1%, compared to expectations of -0.2% and a previous reading of -0.2%. These are yet more figures from the U.S. housing market that suggest the sector has been supported by expectations of Fed rate cuts, with some buyers re-entering the market following recent price declines in certain regions.
This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".