As the US housing market continues to cool down, home price growth slowed in May.

The S&P CoreLogic Case-Shiller National Home Price Index, a leading measure of US home price growth, showed 19.7% growth in May, down from 20.6% in April

S&P DJI managing director Craig Lazarra said the housing market was performing well, despite slowing price growth. Despite this deceleration, growth rates remain robust."

The S&P CoreLogic Case-Shiller National Home Price Index, a leading measure of US home price growth, showed 19.7% growth in May, down from 20.6% in April

May's increase in US home values was down from April's 21.2 percent to 20.5 percent. All cities saw increases in excess of ten percent. In four of the 20 cities, May 2022 saw higher price increases than April 2022.

Tampa, Miami, and Dallas saw the greatest year-over-year growth in May. Prices rose 36.1 percent in Tampa, 34 percent in Miami, and 30.8 percent in Dallas.

Prices rose by 30.7 percent in the South and Southeast. The slight slowdown in national growth could be a sign that the housing market is finally cooling down. –

When it comes to the macroeconomic climate, "extraordinary home price growth may not be sustainable indefinitely"

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