U.S. Home Prices Slow Further Amid Affordability Concerns

U.S. home prices rose in September, though the pace of growth continued to slow as elevated mortgage rates and affordability concerns hit demand.

The S&P Cotality Case-Shiller National Home Price Index, which measures home prices across the country, rose 1.3% in the 12 months through September, compared with a revised 1.4% rise in August. This represents the weakest performance since mid-2023.