Home-price growth continues to slow down, despite lower mortgage rates. The S&P CoreLogic Case-Shiller National Home Price Index rose 3.5% in April from a year ago, down from 3.7% in March. Home-price growth has.
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Market Recap: Case-Shiller Home Price Index Slows, New Home Sales and Pending Home Sales Decline. November 30, 2018; Mortgage rates did not move significantly this week. Recent comments from Federal Reserve Chair Jerome Powell suggest that the Fed may be slowing down rate hikes, as interest rates reach a neutral range.
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National home prices rose 3.7% annually in March, down from 3.9% in February, according to the S&P corelogic case-shiller home price index.. The difficulty facing housing may be too-high price increases," he added.
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The pace of U.S. home-price increases began to slow by mid-year but not in San Diego County, where values took their largest annual jump in more than eight years, the S&P/Case-Shiller Home Price Index showed on Tuesday. San Diego home prices in June rose 19 percent from a year ago, which marks its largest year-over-year hike since March 2005.
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· WASHINGTON | U.S. home price gains slowed for the 13th straight month in April, evidence that weaker demand is keeping prices in check even as mortgage rates fall. The S&P CoreLogic Case-Shiller 20-city home price index rose 2.5% in April from a year earlier, down slightly from an annual gain of 2.6% in March.
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Case-Shiller Indices reported slower home price growth in March with a 3.70 percent gain year-over-year as compared to 3.90 percent home price growth for the year-over-year period in 2018. This was the slowest pace of home price growth in seven years.
A third report on Tuesday showed the S&P CoreLogic Case-Shiller composite index of home prices in 20 metropolitan areas rose 2.5% in April on a year-over-year basis after increasing 2.6% in March. House price inflation has been slowing after last year’s surge in mortgage rates dampened demand for housing.