National Home Prices To Continue Cooling Trend
Updated indices, economists say regional factors to determine fate of affordability
Updated indices, economists say regional factors to determine fate of affordability
Cooling demand in May and June put downward pressure on price gains
Case-Shiller and FHFA analytics point to price gains slowing
Home price indexes differ, though, on year-over-year results
The S&P CoreLogic Case-Shiller Index shows home price gains were the weakest in Western metros.
Data released today for August 2022 show that home price gains decelerated across the United States.
Both the FHFA House Price Index and the S&P CoreLogic Case-Shiller Index reported declining housing prices nationwide.
The gain was down from 20.6% in April.
The FHFA price index rose 1.6% in April, parallel with S&P’s reported 2.08% gain.