US Home Prices Post Weakest Gain in More Than Two Years (2)

Home prices gained the least in over two years, slowing for the seventh straight month in August as buyers gained leverage in negotiations and inventory grew.

A national measure of prices rose 1.5% from a year earlier, according to data from S&P Cotality Case-Shiller. It was the smallest gain since mid-2023 and followed a 1.6% increase in July.

The easing of price growth is good news for buyers after a prolonged affordability squeeze caused by soaring prices and high mortgage rates. The index measures a three-month period ending in August, when mortgage rates were beginning to drop from near 7% ...