US home price growth stalls

By Dow Jones newswires

Seasonally adjusted, the US index fell 0. 1 per cent in June, the 10-city gauge slipped 0. 1 per cent and the 20-city composite was down 0. 2 per cent. "For the first time since February 2008, all cities showed lower annual rates than the previous month," David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, said. "Other housing indicators — starts, existing home sales and builders' sentiment — are positive.

Read more here: Business Spectator

    

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