"Record Highs and Price Drops: The Latest Update on America's Housing Market"

The S&P CoreLogic Case-Shiller Home Price Index for 20 metros dropped by 0.1% for the third consecutive month, with only Washington DC setting a new all-time high. Year-over-year comparisons are skewed due to the index's seasonal variations, and the long-term view shows a non-seasonal double top in June 2022 and October 2023. Several metros, including San Francisco, Seattle, and Portland, experienced price drops from their 2022 peaks, while Washington DC, Los Angeles, and San Diego saw month-to-month increases. Miami leads as the most splendid housing bubble, with a 329% home price inflation since 2000. The Case-Shiller Index uses the "sales pairs" method, providing a reliable indicator of home price inflation.