November 27th, 2018 | Mortgage News
The September Case-Shiller 20-City Index rose 5.1 percent from September 2017, just below the 5.3 percent expected and down from 5.5 percent in August. Month over month was unchanged. The slower pace of gains is to be expected and with faster-rising wages, it represents a healthier market. "Home prices plus data on house sales and construction confirm the slowdown in housing with one factor contributing to the weaker housing market is the recent increase in mortgage rates," says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices.