Home prices have been fairly consistent lately. Though still increasing in most markets, prices have been climbing at an ever-slowing rate as the supply of homes for sale has grown. That continues to be the case, according to the latest results from the S&P Case-Shiller Home Price Indices. Considered to be among the leading measures of U.S. home prices, S&P’s index has been tracking home values for more than 30 years. Their latest release shows prices up 3.6 percent nationally from last year at the same time – down from a 3.9 percent annual gain the previous month and a 4.2 percent increase the month before. In other words, home price increases are getting smaller. Brian D. Luke, S&P’s CFA, head of commodities, real & digital assets, says prices may be slowing but they’re still at an all-time high. “Our National Index hit its 17th consecutive all-time high, and only two markets – Tampa and Cleveland – fell during the past month,” Luke said. “The annual returns continue to post positive inflation-adjusted returns but are falling well short of annualized gains experienced this decade.”
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