The S&P CoreLogic Case-Shiller 20-city home price index in the US fell 1.1% yoy in March 2023, the first decline since May 2012, and compared to forecasts of a 1.6% drop. Seattle (-12.4%), San Francisco (-11.2%) and San Diego (-5.3%) reported the biggest declines, while Miami (7.7%), Tampa (4.8%), and Charlotte (4.7%), replacing Atlanta in third place, saw the highest annual gains. Compared to February, prices in 20 cities jumped 1.5% and increased 1.3% nationally according to non-seasonally adjusted data, rising in all 20 cities (versus in 12 in February). “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. That said, the challenges posed by current mortgage rates and the continuing possibility of economic weakness are likely to remain a headwind for housing prices for at least the next several months”, says Craig Lazzara, Managing Director at S&P DJI. source: Standard & Poor's
Case Shiller Home Price Index YoY in the United States averaged 5.27 percent from 2001 until 2023, reaching an all time high of 21.30 percent in April of 2022 and a record low of -19.00 percent in January of 2009. This page includes a chart with historical data for the United States Case Shiller Home Price Index YoY. United States Case Shiller Home Price Index YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Case Shiller Home Price Index YoY in the United States is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Case Shiller Home Price Index YoY is projected to trend around 1.20 percent in 2024 and 2.00 percent in 2025, according to our econometric models.