The latest S&P Cotality Case-Shiller U.S. National Home Price NSA Index has reported a 0.9% annual increase for January, 2026. Their 10-City Composite posted 0.03% increase year-over-year and their 20-City Composite posted a 0.1% year-over-year decrease. They say for the eighth consecutive month, inflation outpaced national home price appreciation, with CPI running 1.5 percentage points above the 0.9% annual gain — leaving real home values modestly lower year over year:
“The inflation comparison reinforces the trend…CPI rose 2.4% over the year ended January 2026, 1.5 percentage points above the National Index’s 0.9% gain. In real terms, home values have declined modestly over the past year” Said Nicholas Godec, CFA, CAIA, CIPM, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices.
Click here to read the full report at S&P Dow Jones Indices.
