by Calculated Risk on 9/07/2024 06:50:00 PM

Today, in the Calculated Risk Real Estate Newsletter: House Price Weekend: Case-Shiller: National House Price Index Up 5.4% year-over-year in June

Excerpt:

S&P/Case-Shiller released the monthly Home Price Indices for June ("June" is a 3-month average of April, May and June closing prices). June closing prices include some contracts signed in February, 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 (SA) Case-Shiller National Index was at 0.16%. This was the seventeenth consecutive MoM increase, but this was the smallest MoM increase in the last 16 months.

On a seasonally adjusted basis, prices increased month-to-month in 15 of the 20 Case-Shiller cities. Seasonally adjusted, San Francisco has fallen 6.8% from the recent peak, Phoenix is down 4.5% from the peak, Seattle down 4.0%, and Portland is down 3.4%.

There is much more in the article.