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International Business Times
International Business Times
Business
Ann Resuma

Americans Face 'Most Unaffordable Housing Market In History': Case-Shiller

Housing Market Home Prices New York SP

Home prices reached their highest level in the history of the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The mark came in spite of rising mortgage interest rates that have slowed activity.

The data, released by S&P on Tuesday, determined the average price over a three-month period from April to June, showing that prices nationally were 5.4% higher compared to the same end-month the previous year. While it may be a record-high for home prices, the annual gain was lower than the 5.9% in May.

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