Source: Fortune —
Exhausted. Frustrated. Stretched. Those are all reasonable emotions for home shoppers to be feeling right now. After all, home prices rose faster this year than any period in tabulated U.S. history: Between August 2020 and August 2021, U.S. home prices notched a 19.8% gain—the largest uptick on record, and well above the 12-month peak (14.1%) in the lead-up to the 2008 housing crash.
But there’s a bit of good news for homebuyers. The latest reading of the S&P CoreLogic Case-Shiller Index, the leading measure of residential real estate prices, finds year-over-year U.S. home prices rose 19.5% between September 2020 and September 2021. That slight 0.3% dip marks the first price growth deceleration in nearly two years.