Home-price growth is continuing to cool, with the September S&P CoreLogic Case-Shiller national home-price index showing the lowest year-over-year increase since August 2023.
Lisa Sturtevant, the chief economist at Bright MLS, suggested that the September data could be indicative of a slowdown in home price appreciation in the months ahead.
The 20-city and 10-city composite indices both showed signs of slowing in September, with annual price gains cooling significantly and monthly declines being recorded.
Sturtevant anticipates that home-price growth will keep slowing as housing inventory rises, with unsold existing homes increasing from September to October.
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