Cooling of U.S. home appreciation continued in October
Cooling of U.S. home appreciation continued in October
WASHINGTON — The rate of U.S. home appreciation continued its second-half cooling — though it’s jutst smaller, double-digit gains.
The S&P CoreLogic Case-Shiller 20-city home price index, out Tuesday, climbed 18.4% in October from a year earlier. The annualized gain has thinned for three consecutive months, down from 20% in July — or 92% of the appreciation rate of three months earlier.
Only six…