Close this search box.

Newsfeed: Case-Shiller Home Price Growth Slowed (Marginally) In May

By Tyler Durden

Analysts expected Case-Shiller Home Price acceleration to slow modestly in May (the latest available data in this heavily lagged and smoothed data set) and they were right but the slowdown is still almost comedic.

The 20-City Composite index rose 1.32% MoM (less than the +1.50% exp) and is up ‘just’ 20.50% YoY (down from 21.22% YoY in April). The headline national average price index rose 19.75% YoY in May…

Source: Bloomberg

For some context, the 20-City Composite Home Price Index has not had a down-month since – drum roll please – March 2012.

“Despite this deceleration, growth rates are still extremely robust, with all three composites at or above the 98th percentile historically,” Craig J. Lazzara, managing director at S&P Dow Jones Indices, said in statement

“Mortgage financing has become more expensive as the Federal Reserve ratchets up interest rates, a process that was ongoing as our May data were gathered,” he added. 

“Accordingly, a more-challenging macroeconomic environment may not support extraordinary home price growth for much longer.”

Tampa, Miami, Dallas reported highest year-over-year gains among 20 cities surveyed

Finally, we note that between soaring rates and home prices, affordability has reached near record lows. In fact the last time ‘affordability’ was here was June 2006…

Source: Bloomberg

Which perfectly top-ticked the last housing price bubble.

More From The Real Estate Guys

The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training, and resources to help real estate investors succeed.


Broadcasting since 1997 with over 600 episodes on iTunes!

real estate podcast on itunesSubscribe on Androidyoutube_subscribe_button__2014__by_just_browsiing-d7qkda4



Love the show?  Tell the world!  When you promote the show, you help us attract more great guests for your listening pleasure!




Be the first to know when new content arrives!

Explore The Archives

[gold_price content="prices"]
[gold_price content="ratio"]

The Real Estate Guys™ Guests and Contributors Have Been Featured On:

Scroll to Top