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Case Shiller Index

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real-estate1 year ago

US Home Prices Reach Record Highs Despite Regional Drops

The S&P CoreLogic Case-Shiller Home Price Index for March 2024 shows a 1.6% month-to-month increase in home prices across 20 major U.S. metros, with an overall year-over-year rise of 7.4%. Despite recent rate cuts, mortgage rates have fluctuated, currently averaging 7.28%. Notably, home prices in cities like San Francisco, Seattle, and Phoenix remain below their 2022 peaks, while cities like Miami, Los Angeles, and San Diego have reached new highs. The index highlights significant home-price inflation since 2000, particularly in San Diego, Miami, and Los Angeles.

via WOLF STREET|
#case-shiller-index#home-prices#housing-market
real-estate1 year ago

"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.

via WOLF STREET|
#case-shiller-index#home-price-index#housing-bubbles
real-estate1 year ago

"December Sees Record-Breaking Home Prices Despite Rising Mortgage Rates"

Home prices in the 20 largest U.S. metros reached a new all-time high in December, with the S&P CoreLogic Case-Shiller 20-city price index rising 0.2% from the previous month and 6.1% over the past year. San Diego saw the largest year-over-year gains at 8.8%, while Portland had the slowest growth at 0.3%. Despite a rise in mortgage rates, home prices remained resilient, and some markets even experienced declines. Analysts expect robust price growth to continue in 2024 as demand recovers and mortgage rates potentially fall.

via MarketWatch|
#case-shiller-index#home-prices#housing-market
real-estate1 year ago

"US Housing Market: Cooling Prices Persist in 6 Cities Despite Overall Growth"

The S&P CoreLogic Case-Shiller Home Price Index for November 2023 shows a slight dip in the overall home price index for the 20 metros, forming a double-top after a significant surge. Some metros experienced new highs, while others saw big price drops from their 2022 peaks. San Francisco, Seattle, Portland, Denver, and Las Vegas are among the cities with notable declines, while New York, Boston, and Miami set new highs. The "most splendid housing bubbles" are identified based on home price inflation since 2000, with Miami leading the list. The Case-Shiller Index uses the "sales pairs" method to compare sales of the same houses over time, providing a reliable measure of home price inflation.

via WOLF STREET|
#case-shiller-index#home-prices#housing-bubbles
real-estate1 year ago

"November Sees Record High Home Prices Despite Cooling Trend in Some Cities"

U.S. home prices in the 20 largest metros reached a new high in November, marking a 10th consecutive month of increases, driven by a low inventory of homes for sale. The S&P CoreLogic Case-Shiller 20-city house price index rose 0.1% in November, with Detroit leading in year-over-year price gains. Despite elevated mortgage rates, the persistent supply shortage is expected to continue driving prices upwards, especially with rates falling and demand increasing.

via MarketWatch|
#case-shiller-index#home-prices#mortgage-rates
real-estate2 years ago

Mixed Signals: U.S. Home Prices Experience First Decline Since 2012, But Some Cities See Growth

U.S. home prices experienced their first year-over-year decrease since 2012, with a 0.2% decline in April 2023. Dallas-Fort Worth saw a historic decline, with prices down 2.9% compared to the previous year. However, from March to April, both national and local prices showed slight increases. The Case-Shiller index, which tracks sales-price changes, suggests that the market may be recovering after several months of decline. Low inventory levels continue to fuel competition and keep prices high in the Dallas-Fort Worth area. The future trajectory of home prices will depend on factors such as mortgage rates and economic conditions.

via The Dallas Morning News|
#case-shiller-index#dallas-fort-worth#housing-market