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US Home-Price Growth Decelerates for First Time Since 2021

  • Gains still quickening in some cities, most in southern states
  • Rising mortgage rates are cooling the pandemic housing frenzy
home homes open house
Photographer: Ty Wright/Bloomberg
Updated on

Home-price growth in the US started to slow in April.

A national measure of prices climbed 20.4%, down from the 20.6% gain in March, the S&P CoreLogic Case-Shiller index showed Tuesday. Craig Lazzara, a managing director at S&P Dow Jones Indices, noted that April’s figures were showing initial, but inconsistent, signs of a deceleration in price gains.