Case-Shiller Index Shows U.S. Home Price Gains Continuing to Slow
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 15.8% annual gain in July, down from 18.1% in the previous month, S&P Dow Jones Indices said Tuesday. The 10-City Composite annual increase came in at 14.9%, down from 17.4% in June, while the 20-City Composite posted a 16.1% year-over-year gain, down from 18.7% previously.
“Although U.S. housing prices remain substantially above their year-ago levels, July’s report reflects a forceful deceleration,” says Craig J. Lazzara, managing director at S&P DJI. Referring to the NSA Index, he added, “The -2.3% difference between those two monthly rates of gain is the largest deceleration in the history of the index.”
Tampa, Miami, and Dallas reported the highest year-over-year gains among the 20 cities in July. However, all 20 cities reported lower price increases in the year ending July 2022 versus the year ending June 2022.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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