IPFS News Link • United States
US Home Price Growth Slumps To Weakest In 7 Years
• https://www.zerohedge.comS&P CoreLogic Case-Shiller's 20-City Composite price index rose just 2.13% YoY in June - the weakest growth since August 2012.
The MoM rise of just 0.04% notably missed expectations of a 0.1% rise and the drop from 2.37% YoY was also a sizable acceleration in the decline.
Source: Bloomberg
This slide has occurred as mortgage rates have plunged...
Source: Bloomberg