09/01/2022
Case-Shiller Home Price Index -
The National Case-Shiller Home Price Index, which is considered the “gold standard” for appreciation, showed home prices rose 0.6% in June and 18% year over year, which is a decline from the previous reading of 19.9% in May, but still strong. Appreciation is clearly slowing, but as of June, still increasing at a robust rate. Craig Lazzara from Case Shiller said, “Prices are clearly increasing at a slower rate. It’s important to bear in mind that deceleration and decline are two entirely different things, and that prices are still rising at a robust clip. June’s growth rates for all three composites are at or above the 95th percentile of historical experience. For the first six months of 2022, in fact, the National Composite is up 10.6%. In the last 35 years, only four complete years have witnessed increases that large.”
The National Case-Shiller Home Price Index, which is considered the “gold standard” for appreciation, showed home prices rose 0.6% in June and 18% year over year, which is a decline from the previous reading of 19.9% in May, but still strong. Appreciation is clearly slowing, but as of June, stil...
