The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a -0.5% annual decrease for May, 2023. Their 10-City Composite decreased 1% and their 20-City Composite decreased 1.7%, year-over-year. However, their U.S. National Index posted a 1.2% month-over-month increase in May, while the 10-City and 20-City Composites both posted slight increases.
“The rally in U.S. home prices continued in May 2023…”
“Regional differences continue to be striking. This month’s league table shows the Revenge of the Rust Belt, as Chicago (+4.6%), Cleveland (+3.9%), and New York (+3.5%) were the top performers. If this seems like an unusual occurrence to you, it seems that way to me too.” Said Craig J. Lazzara, Managing Director at S&P DJI.
Click here to read the full report at S&P Dow Jones Indices.
