Housing Price Growth Slows For Seventh Straight Month

The rapid slowdown in US home price growth is accelerating with Case-Shiller reporting a 5.03% YoY gain in October – the weakest since Nov 2016.  Slowing for the 7th month in a row, if printing modestly above expectations of 4.80%, home prices rose 5.03% Y/Y, down from 5.21% a month ago, and confirming that the US housing market is clearly suffering: