Dennis Norman
This morning S&P/Case-Shiller Index report for July was released showing that the annual growth rates of home prices in 16 of the 20 Metro areas covered by the report slowed in July compared to June. The Case-Shiller Home Prices Indices for the 20 metros showed a slight increase of 0.6 percent in home prices in July over June and an increase of 3.2 percent in home prices from the year before, down from June’s 4.2 percent increase from the year before. According to the report, as of July, average home prices across the United States are back to their late 2003 levels.
Source: Standard & Poor's and Fiserv
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