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US Home Price Growth Slumps To Weakest In 7 Years


S&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