The S&P Case-Shiller Home Price Indices is considered among the leading measures of U.S. home prices. It tracks home values across all nine census divisions and has been collecting data for more than 27 years. Its most recent release shows home prices up over year-before levels in every region of the country.
Brian Luke, head of commodities, real & digital assets at S&P, says the gains were widespread. “The Northeast and Midwest recorded the largest gains with returns of 6.4 percent and 6.3 percent, respectively,” Luke said. “Other regions are not far behind with the slowest gains in the West of 3 percent. This month's report revealed the narrowest spread of performance across the nation since the first quarter of 2021.”
In other words, home prices have been pretty consistent lately, no matter where you look. But while prices continue to move higher than year-before levels, month-over-month data found them slowing – an indication that annual gains may also slow in the months ahead.
[Source: S&P Dow Jones Indices]
