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Growth in US housing prices slowed in October



US. Domestic prices slowed in October, a likely consequence of higher mortgage rates, which reduced affordability and led to declining sales.

The S & P CoreLogic Case-Shiller Price Index for 20 homes rose year-over-year by 5 percent from the previous year's profit of 5.2 percent in September. That is a decrease of 5.5 percent in the previous month in the previous month.

Housing prices have fallen, as buyers would not be able to afford a home. Prices have risen consistently faster than wages, a challenge that was tackled until a year ago by historically low mortgage rates. However, borrowing costs rose last year after President Donald Trump cut taxes by raising the budget deficit and increasing the Federal Reserve's interest rates.

Las Vegas recorded the strongest price growth of 1

2.8 percent.


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