Home prices in America's 20 largest cities rose for the 9th straight month in October (the latest data released by S&P Global Case-Shiller today), up 0.64% MoM (slightly better than the +0.60% MoM expected). That pushed the YoY rise in prices up 4.87% - the fastest pace since Dec '22...but as the chart shows the MoM gains are slowing rapidly. "U.S. home prices accelerated at their fastest annual rate of the year in October", says Brian D. Luke, Head of Commodities, Real & Digital assets at S&P DJI. "We are experiencing broad based home price appreciation across the country, with steady gains seen in nineteen of ... (full story)