Close this search box.

Newsfeed: Caser-Shiller Home Prices Soared By Record In March, But…

By Tyler Durden

With home sales slumping across the nation (while mean home prices are surging relative to median, signaling higher-end homes dominating the sales), this morning’s Case-Shiller (newly minted S&P Global) home price index data exploded higher. The latest data is from March and shows the 20-City Composite surging 2.42% MoM (more than the 1.93% expected) and surging by a record 21.17% YoY (more than the +20% expected)

Source: Bloomberg

BUT… as a reminder, the Case-Shiller data is lagged and smoothed, so things likely got a lot more ‘complicated’ since this March data as mortgage rates spiked and mortgage applications collapsed…

Source: Bloomberg

“Those of us who have been anticipating a deceleration in the growth rate of U.S. home prices will have to wait at least a month longer,” Craig J. Lazzara, managing director at S&P Dow Jones Indices, said in statement.

“For both National and 20-City Composites, March’s reading was the highest year-over-year price change in more than 35 years of data, with the 10-City growth rate at the 99th percentile of its own history.”

“Mortgages are becoming more expensive as the Federal Reserve has begun to ratchet up interest rates, suggesting that the macroeconomic environment may not support extraordinary home price growth for much longer. Although one can safely predict that price gains will begin to decelerate, the timing of the deceleration is a more difficult call.”

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

Yes, you read that right, Tampa prices are up 34.8% YoY…

Maybe it is time for Mr.Powell to get back to work after all.

More From The Real Estate Guys
  • Check out all the great free info in our Special Reports library.
  • Don’t miss an episode of The Real Estate Guys™ radio show. Subscribe on iTunes or Android or YouTube!
  • Stay connected with The Real Estate Guys™ on Facebook,  and our Feedback page.

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