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Despite Tumbling Rates, US Home Price Acceleration Slowed In January
Despite Tumbling Rates, US Home Price Acceleration Slowed In January
US home price acceleration slowed significantly in January (according to the always lagged and smoothed Case-Shiller indices).
After rising 0.50% MoM in December, the price of homes in America's to 20 cities rose just 0.16% MoM in January (the lowest MoM rise since August and well below the 0.35% MoM expected)...
Source: Bloomberg
This left the 20-city composite index up just 1.18% YoY - the lowest since July 2023.
"Price levels remain elevated, but the rate of appreciation has slowed materially," according to Nicholas...
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Authored by former CIA officer Larry Johnson
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