Home Prices Decelerated in April

Date : 06/25/2019 @ 1:52PM
Source : Dow Jones News

Home Prices Decelerated in April

By Will Parker 

The growth of U.S. home prices continued to slow in April in another sign of a weaker-than-expected selling season.

Average home prices in major metropolitan areas rose 3.5% in the year ended in April, decelerating from 3.7% the prior month and 3.9% in February, according to the S&P CoreLogic Case-Shiller National Home Price Index.

"Home price gains continued in a trend of broad-based moderation," said Philip Murphy, managing director of S&P Dow Jones Indices, who cited decreased demand in light of upward trending housing supply.

Though the pace of home prices growth has been slowing for a year now, average prices still continue to increase in most major U.S. cities and to outpace inflation, with the exception of Seattle, where prices were flat in April, according to the report.

 

(END) Dow Jones Newswires

June 25, 2019 09:37 ET (13:37 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.