Real Estate
US Housing Market’s Price Growth Slows for Fourth Straight Month
Potential buyers have stayed on the sidelines due to a combination of elevated prices and high mortgage rates.
Photographer: Jacob Kepler/BloombergHome-price growth in the US decelerated in May for the fourth consecutive month.
A national gauge of prices rose 2.3% from a year earlier, according to data from S&P CoreLogic Case-Shiller. That was the smallest increase since July 2023 and comes after a 2.7% annual increase in April.