Home Prices Soften But Still Much Higher Than A Year Ago S P Case Shiller

David Paul Morris | Bloomberg | Getty Images Home prices in June were 18% higher than the same month last year, according to the S&P CoreLogic Case-Shiller Indices. This is a weaker pace than May of this year, which saw a year-on-year rise of 19.9%. The 10-city composite index rose 17.4%, from 19.1% the previous month. The 20-city composite was 18.6% higher year-on-year, up from 20.5% in May. Of the 20 cities, Tampa, Florida, Miami and Dallas posted the highest year-over-year pace in June, with increases of 35%, 33% and 28.2%, respectively. Only one of the 20 cities reported higher price increases in the year ending June 2022 compared to the year ending May 2022. “It’s important to keep in mind that a slowdown and a decline are two completely different things, and that prices are still rising at a strong clip,” Craig Lazzara, chief executive of S&P Dow Jones Indices, wrote in a statement. “June growth rates for all three composites are at or above the 95th percentile of historical experience. For the first six months of 2022, in fact, the National Composite rose 10.6%. In the past 35 years, only four full years have witnessed such large increases, he said. Another report last week showed home prices fell 0.77% from June to July. It was the first monthly decline in nearly three years, according to Black Knight, a mortgage software, data and analytics company. While the drop may seem small, it is the largest one-month price decline since January 2011. It is also the second-worst July performance dating back to 1991, behind the 0.9% drop in July 2010, during during the Great Depression. Home prices are falling due to rising mortgage rates, making the already expensive housing market even more so. Sales of both new and existing homes have been falling for several months, leading some economists to label it a housing recession. “We’ve previously noted that mortgage financing has become more expensive as the Federal Reserve raises interest rates, a process that continued as our June data was compiled,” Lazzara said.

title: “Home Prices Soften But Still Much Higher Than A Year Ago S P Case Shiller Klmat” ShowToc: true date: “2022-11-12” author: “Evelyn Jimmerson”

David Paul Morris | Bloomberg | Getty Images Home prices in June were 18% higher than the same month last year, according to the S&P CoreLogic Case-Shiller Indices. This is a weaker pace than May of this year, which saw a year-on-year rise of 19.9%. The 10-city composite index rose 17.4%, from 19.1% the previous month. The 20-city composite was 18.6% higher year-on-year, up from 20.5% in May. Of the 20 cities, Tampa, Florida, Miami and Dallas posted the highest year-over-year pace in June, with increases of 35%, 33% and 28.2%, respectively. Only one of the 20 cities reported higher price increases in the year ending June 2022 compared to the year ending May 2022. “It’s important to keep in mind that a slowdown and a decline are two completely different things, and that prices are still rising at a strong clip,” Craig Lazzara, chief executive of S&P Dow Jones Indices, wrote in a statement. “June growth rates for all three composites are at or above the 95th percentile of historical experience. For the first six months of 2022, in fact, the National Composite rose 10.6%. In the past 35 years, only four full years have witnessed such large increases, he said. Another report last week showed home prices fell 0.77% from June to July. It was the first monthly decline in nearly three years, according to Black Knight, a mortgage software, data and analytics company. While the drop may seem small, it is the largest one-month price decline since January 2011. It is also the second-worst July performance dating back to 1991, behind the 0.9% drop in July 2010, during during the Great Depression. Home prices are falling due to rising mortgage rates, making the already expensive housing market even more so. Sales of both new and existing homes have been falling for several months, leading some economists to label it a housing recession. “We’ve previously noted that mortgage financing has become more expensive as the Federal Reserve raises interest rates, a process that continued as our June data was compiled,” Lazzara said.

title: “Home Prices Soften But Still Much Higher Than A Year Ago S P Case Shiller Klmat” ShowToc: true date: “2022-12-05” author: “Jill Robinson”

David Paul Morris | Bloomberg | Getty Images Home prices in June were 18% higher than the same month last year, according to the S&P CoreLogic Case-Shiller Indices. This is a weaker pace than May of this year, which saw a year-on-year rise of 19.9%. The 10-city composite index rose 17.4%, from 19.1% the previous month. The 20-city composite was 18.6% higher year-on-year, up from 20.5% in May. Of the 20 cities, Tampa, Florida, Miami and Dallas posted the highest year-over-year pace in June, with increases of 35%, 33% and 28.2%, respectively. Only one of the 20 cities reported higher price increases in the year ending June 2022 compared to the year ending May 2022. “It’s important to keep in mind that a slowdown and a decline are two completely different things, and that prices are still rising at a strong clip,” Craig Lazzara, chief executive of S&P Dow Jones Indices, wrote in a statement. “June growth rates for all three composites are at or above the 95th percentile of historical experience. For the first six months of 2022, in fact, the National Composite rose 10.6%. In the past 35 years, only four full years have witnessed such large increases, he said. Another report last week showed home prices fell 0.77% from June to July. It was the first monthly decline in nearly three years, according to Black Knight, a mortgage software, data and analytics company. While the drop may seem small, it is the largest one-month price decline since January 2011. It is also the second-worst July performance dating back to 1991, behind the 0.9% drop in July 2010, during during the Great Depression. Home prices are falling due to rising mortgage rates, making the already expensive housing market even more so. Sales of both new and existing homes have been falling for several months, leading some economists to label it a housing recession. “We’ve previously noted that mortgage financing has become more expensive as the Federal Reserve raises interest rates, a process that continued as our June data was compiled,” Lazzara said.

title: “Home Prices Soften But Still Much Higher Than A Year Ago S P Case Shiller Klmat” ShowToc: true date: “2022-11-13” author: “Malik Webster”

David Paul Morris | Bloomberg | Getty Images Home prices in June were 18% higher than the same month last year, according to the S&P CoreLogic Case-Shiller Indices. This is a weaker pace than May of this year, which saw a year-on-year rise of 19.9%. The 10-city composite index rose 17.4%, from 19.1% the previous month. The 20-city composite was 18.6% higher year-on-year, up from 20.5% in May. Of the 20 cities, Tampa, Florida, Miami and Dallas posted the highest year-over-year pace in June, with increases of 35%, 33% and 28.2%, respectively. Only one of the 20 cities reported higher price increases in the year ending June 2022 compared to the year ending May 2022. “It’s important to keep in mind that a slowdown and a decline are two completely different things, and that prices are still rising at a strong clip,” Craig Lazzara, chief executive of S&P Dow Jones Indices, wrote in a statement. “June growth rates for all three composites are at or above the 95th percentile of historical experience. For the first six months of 2022, in fact, the National Composite rose 10.6%. In the past 35 years, only four full years have witnessed such large increases, he said. Another report last week showed home prices fell 0.77% from June to July. It was the first monthly decline in nearly three years, according to Black Knight, a mortgage software, data and analytics company. While the drop may seem small, it is the largest one-month price decline since January 2011. It is also the second-worst July performance dating back to 1991, behind the 0.9% drop in July 2010, during during the Great Depression. Home prices are falling due to rising mortgage rates, making the already expensive housing market even more so. Sales of both new and existing homes have been falling for several months, leading some economists to label it a housing recession. “We’ve previously noted that mortgage financing has become more expensive as the Federal Reserve raises interest rates, a process that continued as our June data was compiled,” Lazzara said.