Real Estate

Home prices cooled at the fastest rate in index history

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A ‘for sale’ sign is displayed outside a single family home on September 22, 2022 in Los Angeles, California.

Allison Dinner | Getty Images

U.S. home prices cooled in July at the fastest rate in the history of the S&P CoreLogic Case-Shiller Index, according to a report released Tuesday.

Home prices in July were still higher than they were a year ago, but cooled significantly from June gains. Prices nationally rose 15.8% over July 2021, well below the 18.1% increase in the previous month, according to the report.

The 10-City composite, which tracks prices in major metropolitan areas such as New York and Boston, climbed 14.9% year over year, down from 17.4% in June. The 20-City composite,…



Source cnbc.com

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