The S&P Case-Shiller U.S. National Home Price Index is among the leading measures of U.S. home prices. The Index has been collecting data for more than 27 years and covers all nine U.S. census divisions. According to the most recently released results, home prices rose 3.9 percent year-over-year through the end of September. That’s down from the 4.3 percent annual gain seen in the previous month’s report. But while home prices are decelerating nationally, Brian Luke, CFA, Head of commodities, Real & Digital Assets, says some parts of the country continue to see above-trend growth. “We continue to see above-trend price growth in the Northeast and Midwest, growing 5.7 percent and 5.4 percent respectively, led by New York, Cleveland, and Chicago,” Luke says. “The Big Apple has taken the top spot for five consecutive months, pushing the region ahead of all others since August 2023.” Regionally, the South reported the slowest year-over-year price growth, at 2.8 percent. Denver was the slowest growing metro area, up 0.2 percent from last year. (source)
