Home prices hit another record high in September as stock shortages spurred competition for well-priced homes.
Year-over-year, prices rose 3.8%, up from 2.5% in August, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index.
Prices were up 0.3% month-over-month before seasonal adjustment and 0.7% after. This is the eight straight month of increases.
Prices were up month-over-month in 15 of 20 cities, and both the 10- and 20-city composites analyzed saw prices exceed both their year-ago and January levels.
The National Composite surpassed its previous record high with this data, and ten individual cities hit record-breaking prices.
“On a year-to-date basis, the National Composite has risen 6.1%, which is well above the median full calendar year increase in…
Data released today shows home price gains improved in August both annually and month-over-month.
Year-over-year, prices rose 2.6%, up from 1% in July, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index.
Prices were up 0.4% month-over-month before seasonal adjustment and 0.9% after. This is the seventh consecutive month of increases.
Home prices are now at all-time highs in the two composites and seven stand-alone cities, and prices rose in 19 of 20 cities after seasonal adjustment (13 of them before adjustment, as well). The National Composite surpassed its previous record high with this data.
Craig Lazzara, managing director at S&P DJI, noted that regional differences remain “substantial.”
“On a year-over-year basis, the three best-performing metropolitan areas in…
Data released today shows annual home price gains were stagnant in June but continue heating up in the short term, with month-over-month prices rising.
Year-over-year, prices remained unchanged after slipping 0.4% the prior month, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index.
Prices were up 0.9% month-over-month before seasonal adjustment and 0.7% after. This is the fifth consecutive month of increases.
Home prices are now at all-time highs in half the cities analyzed, and the National Composite sits just 0.2% below its all-time high from last year.
Craig J. Lazzara, managing director at S&P DJI, noted that regional differences remain “striking.”
The West Coast hubs that saw a huge migration during the pandemic performed the worst (-5.9%).…
Data released today shows national home prices slipped year-over-year in May but continue heating up in the short term, with month-over-month prices rising.
Year-over-year, prices fell by 0.5%, down from -0.1% the prior month, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index.
The 20-City Composite posted a -1.7% year-over-year decline, unchanged from the month prior, as home prices have recently seen a boost.
Craig J. Lazzara, managing director at S&P DJI, noted that regional differences are still “striking,” with the West Coast hubs that saw huge migration during the pandemic having the weakest growth.
The Southeast (+2.1%) continues to see strong growth, though this month its top-performer crown was stolen by the Midwest (+2.7%).
Looking at cities,…
Data released today shows a modest increase in home prices took place in March, signaling that home price declines may be over.
Year-over-year, prices increased by 0.7%, down from 2.1% in the prior month, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index.
The 20-City Composite posted a -1.1% year-over-year decline, down from a 0.4% gain in the previous month.
“The modest increases in home prices we saw a month ago accelerated in March 2023,” Craig J. Lazzara, managing director at S&P DJI, said. “Two months of increasing prices do not a definitive recovery make, but March’s results suggest that the decline in home prices that began in June 2022 may have come to an end.”
Lazzara added…
Data released today shows a modest increase in home prices took place in February.
Year-over-year, prices increased by 2%, down from 3.7% in the previous month, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index.
The 20-City Composite posted a 0.4% year-over-year gain, down from 2.6% in the previous month.
“February’s results were most interesting because of their stark regional differences… It’s unsurprising that the Southeast (+7.8%) remains the country’s strongest region, while the West (-4.2%) continues as the weakest,” noted Craig J. Lazzara, Managing Director at S&P DJI.
West Coast hubs that saw huge migration during the pandemic remained negative YOY in February, with San Francisco, Seattle, San Diego, and Portland all experiencing declines.
Southern cities continued…
Former homebuyer hotspots in the U.S. saw home prices fall in January as the market corrects.
The S&P CoreLogic Case-Shiller National Home Price NSA Index saw home prices decelerate for another month, posting a 3.8% annual gain in January, down from 5.6% in the previous month.
Craig J. Lazzara, Managing Director at S&P DJI, said the data marked the seventh straight month of YOY decreases.
West Coast hubs that saw huge migration during the pandemic saw their gains go negative YOY in January. The West overall saw prices decline by 1.5%. San Francisco clocked in a 7.6% drop YOY, the biggest by far, followed by Seattle with a 5.1% decrease.
Southern cities continued to see gains, with Miami, Tampa, and…
Home price appreciation continued to cool in December, with some markets seeing declining prices, according to new data.
The S&P CoreLogic Case-Shiller National Home Price NSA Index saw home prices decelerate, posting a 5.8% annual gain in December, down from 7.6% in the previous month.
Craig J. Lazzara, Managing Director at S&P DJI, said the data marked the sixth straight month of YOY decreases.
Southern cities continued to see gains, with Miami, Tampa, and Atlanta all recording 10%+ increases despite the cooldown in other metros.
Pricey Western metros saw YOY prices fall, with San Francisco clocking in a 4.2% drop.
Month-over-month prices fell in all twenty cities analyzed, however, with a median decline of -1.1%.
“The prospect of stable, or…
Home prices decelerated in June as buyers left the market, driven by historically high prices and rising interest rates. Both the S&P CoreLogic Case-Shiller Indices and Federal Housing Finance Agency House Price Index (FHFA HPI) saw price growth moderate in June. The HPI saw prices rise only 0.1% from May, while Case-Shiller reported an 18% YOY gain in June, down from 19.9% in May. FHFA’s data suggests prices are just now beginning to moderate. From Q1 2022 to Q2, prices rose 17.7% YOY and 4% quarter-over-quarter, with the only deceleration appearing in June. “Housing prices grew quickly through most of the second quarter of 2022, but a deceleration has appeared in the June monthly data. The pace of growth has…
Home price appreciation continues to soar, with both the S&P CoreLogic Case-Shiller Indices and the Federal Finance Housing Agency’s House Price Index posting significant gains. The Case-Shiller Indices had the highest YOY price gains in its 35-year history. The National Index showed a 20.6% YOY increase in March. The 10-City Composite index rose 19.5%, while the 20-City Composite was up 21.1% YOY. Month-over-month, the seasonally adjusted National Index rose 2.1%, the 10-City rose 2.2%, and the 20-City rose 2.4%. All 20 cities saw price gains both before and after adjustment. Tampa (+34.8%), Phoenix (+32.4%), and Miami (+32%) led the surge. Seventeen of the 20 cities had higher price increases YOY in March 2022 than in February 2022. “The strength of…
