Home price growth in the United States continued to slow in April, according to the latest S&P CoreLogic Case-Shiller data. The national home price index rose 2.7 percent year-over-year in April, compared to a 3.4 percent increase in March.
The data reflects a continued deceleration in the rate of home price increases, signaling a moderation in the housing market after a period of rapid growth.
20-CITY INDEX ALSO SHOWS WEAKENING MOMENTUM
The index covering home prices in 20 major U.S. cities rose 3.4 percent annually in April. This was below market expectations of a 4 percent increase and also marked a decline from the 4.1 percent rise recorded in March.
NEW YORK LEADS HOME PRICE GAINS
Among the 20 cities in the index, New York registered the highest annual increase in home prices, with a 7.9 percent rise. It was followed by Chicago with a 6 percent gain and Detroit with 5.5 percent.
These figures suggest regional disparities in price movements, even as overall growth shows signs of cooling.
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