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Home price gains shrink to the lowest level since January 2017: September S&P Case-Shiller index

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The reading comes as the average rate on the 30-year fixed mortgage is now a full percentage point higher than it was one year ago, and affordability has fallen to the weakest level in over a decade.

 

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Home-Price Gains Continue to Slow in SeptemberHome-price gains continued slowing in September, another sign that rising mortgage rates are helping sap the momentum out of the housing market, according to the S&P CoreLogic Case-Shiller National Home Price Index. But bankers want more margin. Capitalism, literally, is Socialism for the already-haves. With the metroplex seemingly being the canaris in the mine shaft😩😩😩
Source: WSJ - 🏆 98. / 63 Read more »