Home-Price Gains in US Ease With High Rates Deterring Buyers
- Price increases in August were below the gains in July
- Home-price growth is showing signs of strain, analyst says
Homes in Hercules, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Home-price gains in the US slowed in August as high borrowing costs weighed on potential buyers.
A national measure of prices rose 4.2% from a year earlier, according to data from S&P CoreLogic Case-Shiller. That was smaller than the 4.8% increase in July.