Source: CNBC —
U.S. single-family home prices slowed further in September as higher mortgage rates eroded demand, closely watched surveys showed on Tuesday.
The S&P CoreLogic Case Shiller national home price index dropped 0.8% month-over-month in September. Monthly house prices fell in July for the first time since late 2018.
House prices rose 10.6% year-on-year in September, slowing from August’s increase of 12.9%.