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US home price reports show the cooling effect of rising mortgage rates

Por: CNN Business September 27, 2022

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US home prices continued to climb in July. But the market showed signs of cooling as pushed more prospective buyers to the sidelines. Home prices rose 15.8% in July from the year before, a smaller jump than the 18.1% growth seen in June, according to the S&P CoreLogic Case-Shiller US National Home Price Index. The 2.3 percentage point difference between those two months is the largest deceleration in the history of the index. On a monthly basis,... + full article



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