U.S. housing prices have continued in their stratospheric rise but at a rate somewhat slower than the pattern from previous months, according to the leading source of metrics on the state of the housing market.
On Tuesday, the S&P Dow Jones Indices released its latest data for the S&P CoreLogic Case-Shiller Indices, the leading metric of domestic housing prices. The report noted a 19.1 percent annual gain in housing prices, down from the previous report’s 19.7 percent annual gain, suggesting a subtle deceleration in housing gains even as prices continue to rise.
