Annual price growth for homes in October grew by less than double-digits for the first time in about two years, according to the S&P CoreLogic Case Shiller national home price index, released this week.
Prices increased by 9.2% in October, down from 10.7% in September and notching the first single-digit gain since November 2020. It was the fourth consecutive month price growth declined.
In key cities tracked by the index, its 10-city composite annual increase came in at 8%, down from 9.6% in the previous month. Its 20-city composite posted an 8.6% year-over-year gain, down from 10.4% in the previous month.
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