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U.S. Home Price Growth Continues Downward Trend

Home price gains decelerated across the U.S. in August, according to the S&P CoreLogic Case-Shiller indices released Tuesday. The National Home Price NSA Index recorded a 13% annual gain for the month, down from 15.6% in July. The 10-City and 20-City composite indices also reflected smaller annual gains. 

“The forceful deceleration in U.S. housing prices that we noted a month ago continued in our report for August 2022,” said Craig J. Lazzara, managing director at S&P Dow Jones Indices. “These data show clearly that the growth rate of housing prices peaked in the spring of 2022 and has been declining ever since.”  

Miami, Tampa and Charlotte reported the highest year-over-year gains among the 20 cities in the composite index for August. All 20 cities reported lower price increases in the year ending August 2022 versus the year ending July 2022, said S&P Dow Jones. 

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About Paul Bubny

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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