Following May’s unexpected slowdown in growth, analysts expect June’s Case-Shiller Home Price Index to show further deceleration, and it did – but notably worse than expected.
The Case-Shiller 20-City Composite Home Price rose 3/46% YoY in June (the latest data), well below expectations of a +3.60% and May’s 3.61% prints…
And it seems that even with mortgage rates hitting record lows, prices have stopped appreciating so fast…
Is this emblematic of the exodus from the cities (highest cost housing?)
Easy Money 