Tag Archives: S&P CoreLogic Case-Shiller Indices

Rapidly rising rates and inflation rates last seen 40 years ago pushed more away from the housing market in August, as S&P CoreLogic Case-Shiller reported continued declines in nationwide price gains.

According to S&P CoreLogic Case-Shiller home prices experienced a near 16% annual gain in July, a total that slid 2.3% month-over-month, as the Fed continues to take action to remedy the nation’s economy.

In the month of June, housing markets in the Western U.S. began to show signs of slowing, as S&P CoreLogic Case-Shiller data found a 1.9% overall month-over-month slide in the price of houses across the U.S.

More Americans are seeking homes in a market where short supply continues to be tagged with high ticket prices as potential buyers migrate from urban apartments to suburban homes.

For the fourth consecutive month, the growth rate of housing prices in July set a record, continuing a trend of 14 successive months of gains

Home prices nationwide grew 18.6% year-over-year in June, reaching a high not seen in 30 years of gauging this metric.

Affordability remains a factor in the decision-making of home shoppers nationwide who would rather sit on the sidelines before committing to an overpriced market short on inventory.

As home prices show gains yet again, continued low rates are propelling buyers to jump into a market short on listings.