Case-Shiller: Ease-Off in Home Prices

The foot on the gas is letting up.
The explosive growth in home prices is slowing, according to the latest S&P CoreLogic/Case-Shiller Indices, which found July prices rose 6 percent year-over-year—an easing from 6.2 percent in June, and a March peak of 6.5 percent.
“Rising homes prices are beginning to catch up with housing,” says David M. Blitzer, chairman and managing director of the Index Committee at S&P Dow Jones Indices. “Year-over-year gains and monthly sea