Annual home-price gains fell below 6% for the first time in a year in August, another sign that the slowdown in the housing market is becoming widespread and is likely to persist in the months to come. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 5.8% in the year ending in August, down from a 6% year-over-year increase reported in July.

Source: Wall Street Journal October 30, 2018 13:08 UTC