The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 4.2% annual increase for August, 2024. Their 10-City Composite increased 6% and their 20-City Composite increased 5.2%, year-over-year.
“Home price growth is beginning to show signs of strain, recording the slowest annual gain since mortgage rates peaked in 2023…As students went back to school, home price shoppers appeared less willing to push the index higher than in the summer months. ” Said Brian D. Luke, Head of Commodities, Real & Digital Assets at S&P Dow Jones Indices (S&P DJI).
Click here to read the full report at S&P Dow Jones Indices.