The
annual pace of US house price growth slowed in June, a survey has indicated,
continuing a long-term deceleration in the US housing market.
The
S&P/Case Shiller 20-city index saw an 8.1% year-on-year price increase in
June, compared with a 9.4% rise in May.
Prices
in Las Vegas, Phoenix, Miami and Tampa are still about a third below their
housing bubble peaks of almost a decade ago.
The
deceleration pointed to
a "more normal sector", the company said.
"Home
price gains continue to ease as they have since last fall [autumn]," said
David M Blitzer, chairman of the index committee at S&P Dow Jones Indices.
"For
the first time since February 2008, all cities showed lower annual rates than
the previous month," he said.
BBC
Business
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