Bob Ramalho

Berkshire Hathaway - Verani Realty

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Bob Ramalho July 27, 2016

Case-Shiller: Home Price Growth Slows in May

According to the S&P Case-Shiller 20-City Home Price Index, home price growth in May dropped to a seasonally adjusted annual rate of 5.20 percent as compared to April's reading of 5.40 percent. Analysts said that low mortgage rates continue to support housing markets, but also noted that affordability due to rising home prices is sidelining some would-be buyers. High demand for homes coupled with slim supplies of available homes have driven prices up for months; analysts said that "tentative … [Read more...]

Filed Under: Mortgage Rates Tagged With: CaseShiller, New Home Sales, Rising Rents

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