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Case-Shiller Home Prices Signal Weakest Gain Since 2017, Despite Vegas Spike

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Home sales, mortgage apps, starts, permits, buying sentiment, and now home prices...all disappointing expectations and sliding.

S&P CoreLogic (Case-Shiller) 20-City home price index rose just 0.11% MoM (half the expected 0.2% rise) and slowed to a 6.31% YoY gain - the weakest since Dec 2017

After seasonal adjustment, Las Vegas had biggest month-over-month rise at 1.4 percent, followed by Cleveland, Detroit and Minneapolis, each with a 1 percent increase. After New York's decline, Dallas had smallest gain at 0.4 percent.

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