Home prices are still going strong, but momentum is slowing
CNN
US home prices ran hot again in April, notching another month of more than 20% year-over-year gains.
Home prices rose 20.4% in April from the year before, compared to a 20.6% rise seen in March and a 20% annual increase posted in February, according to the report. All 20 cities tracked by the index showed double-digit increases for April, according to S&P Dow Jones Indices.
The latest data represents a snapshot of a housing market in transition, even before the Federal Reserve tightened the bolts on monetary policy -- including its largest interest rate hike in almost three decades -- throwing cool water on the housing market in the process.
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