Here Comes Case Shiller Home Prices...
Nov 26, 2013, 19:11 IST
Case-Shiller home prices for September are out at 9 a.m. ET.
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Economists polled by Bloomberg are looking for the 20-city home prices to rise 0.9% month-over-month and 13% year-over-year.
This compares with a 0.93% month-over-month rise in August, and a 12.82% YoY rise.
Analysts have warned for some time that the pace of home price growth would slow. Bank of America recently downgraded its 2013 home price forecast to 10% in 2013, from 11.8%. They attributed the downgrade to "the unanticipated spike in mortgage rates," that made their home price outlook seem "too optimistic."