by Calculated Risk on 11/28/2023 09:49:00 AM

Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 3.9% year-over-year in September; New all-time High

Excerpt:

S&P/Case-Shiller released the monthly Home Price Indices for September ("September" is a 3-month average of July, August and September closing prices). September closing prices include some contracts signed in May, so there is a significant lag to this data. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).

The MoM increase in the seasonally adjusted Case-Shiller National Index was at 0.65%. This was the eighth consecutive MoM increase following seven straight MoM decreases.

On a seasonally adjusted basis, prices increased in all 20 Case-Shiller cities on a month-to-month basis. Seasonally adjusted, San Francisco has fallen 8.6% from the recent peak, Seattle is down 6.7% from the peak, Las Vegas is down 5.1%, and Phoenix is down 5.0%.

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