US CoreLogic S&P Case-Shiller Index Retracts Rapidly Amid Surging Mortgage Rates, Up by 13% in August

Five housing markets in the Southeast and South continued to post more than 20% annual price gains in August Rising mortgage rates continue to rattle the U.S. housing market. With homebuyer demand quickly slowing, price appreciation has followed suit in many metro areas. In August, the CoreLogic S&P Case-Shiller Index posted a 13% year-over-year increase,…