by calculated risk October 29, 2024 10:17:00 AM
In today’s Calculated Risk Real Estate newsletter: Case Shiller: National home price index rose 4.2% year-on-year in August
excerpt:
S&P/Case Shiller released Monthly House Price Index for August (“August” is the three-month average of closing prices for June, July, and August). There is a significant lag in this data as the August closing price includes some contracts signed in April. Below is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).
The Seasonally Adjusted (SA) Case-Shiller National Index increased by 0.32% (4.0% annualized), marking the 19th consecutive month-over-month increase in the Seasonally Adjusted Index.
On a seasonally adjusted basis, prices rose month-over-month in 18 of Case-Shiller’s 20 cities (prices fell in Tampa and Miami). On a seasonally adjusted basis, San Francisco is down 6.8% from its recent peak, Phoenix is down 4.3% from its peak, Portland is down 2.7% and Denver is down 2.6%.
