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"It slows down the housing market and it results in lenders being almost unwilling to lend. New buyers will pay the price for this.". Case-Shiller: Annual Home Price Growth Slows for 13th Consecutive Month – Michael Engelking.
Home price gains in the U.S. fell in April – marking the 13th consecutive month of slowing growth. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 3.5% year-over-year increase in April, down from 3.7% in March.
U.S. home price gains slowed for the 13th straight month in April, evidence that weaker demand is keeping prices in check even as mortgage rates fall. The S&P CoreLogic Case-Shiller 20-city home price.
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“High inventories suggest still-falling house prices putting further pressure on consumers’ balance sheets. Although new home inventories declined in the latest month. S&P/Case-Shiller Composite.
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