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The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

U.S. home price growth slows, sales surge

Reuters Videos
Updated

The spike in home prices may be losing some of its sizzle but not home sales.

The S&P CoreLogic Case Shiller index that monitors prices in 20 U.S. metropolitan areas rose 1.2% in August. That’s the smallest gain since July of 2020, and it was less than what economists had expected.

An official at S&P DJI said the data suggest housing price growth may be beginning to decelerate.

Growth on a year-on-year basis also slowed, dipping from July’s record level to 19.7%. That was also short of estimates.

Sunny cities in the southwest and southeast reported the highest annual price gains: Phoenix, San Diego and Tampa.

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Those rising prices are not deterring home buyers.

Sales of single-family homes surged to a six-month high in September. The Commerce Department reported Tuesday new home sales jumped 14%. Still the buying frenzy has abated from last year as workers return to offices and schools reopened.