The S&P Case-Shiller Home Price Indices is considered among the leading measures of U.S. home prices. Its National Home Price Index covers all nine census divisions and has been collecting data for 27 years. According to the most recent results, home prices were up just 1.9 percent year-over-year through the end of June – down from a 2.3 percent increase the previous month. Nicholas Godec, head of Fixed Income Tradeables & Commodities at S&P Dow Jones Indices, says it’s the slowest annual increase in years. “June’s results mark the continuation of a decisive shift in the housing market, with national home prices rising just 1.9 percent year-over-year – the slowest pace since the summer of 2023,” Godec said. “What makes this deceleration particularly noteworthy is the underlying pattern: the modest 1.9 percent annual gain masks significant volatility, with the first half of the period showing declining prices that were more than offset by a 2.5 percent surge in the most recent six months, suggesting the housing market experienced a meaningful inflection point around the start of 2025.” (source)
