"Home price gains continue to slow," says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. "The patterns seen in the last year or more continue.
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"Home price gains continue to trend down, but may be leveling off to a sustainable level," says Philip Murphy, Managing Director and Global Head of Index Governance at S&P Dow Jones Indices. "The average YOY gain declined to 3.0% in June, down from 3.1% the prior month.
US Home Price Gains Continue To Weaken S&P Dow Jones Indices released the latest results for the S&P CoreLogic Case-Shiller Indices , the leading measure of U.S. home prices. data released for March 2019 shows that the rate of home price increases across the U.S. has continued to slow.
The S&P CoreLogic Case-Shiller U.S. National home price nsa index is a composite of single-family home price indices for the nine U.S. Census divisions and is calculated monthly. It is included in the S&P CoreLogic Case-Shiller Home Price Index Series which seeks to measure changes in the total value of all existing single-family housing stock.
"Home price gains continue to slow," says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. "The patterns seen in the last year or more continue: year-over-year price gains in most cities are consistently shrinking. Double-digit annual gains have vanished.
· That is the third straight month at that pace, far higher than the price gains in the first half of 2017. Low supply and high demand are fueling the spurt and neither of those is expected to ease.
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· Steady price gains in 20 U.S. cities in May indicate that a tight supply of properties paired with increased demand is boosting home values, according to.