by Calculated Risk on 10/28/2025 10:04:00 AM
Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 1.5% year-over-year in August
Excerpt:
S&P/Case-Shiller released the monthly Home Price Indices for August (”August” is a 3-month average of June, July and August closing prices). June closing prices include some contracts signed in April, so there is a significant lag to this data. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).
The MoM decrease in the seasonally adjusted (SA) Case-Shiller National Index was at 0.21% (a +2.5% annual rate). This followed five consecutive MoM decreases in the seasonally adjusted index.
On a seasonally adjusted basis, prices increased month-to-month in 11 of the 20 Case-Shiller cities. San Francisco has fallen 8.2% from the recent peak, Phoenix is down 5.7% from the peak, Tampa down 4.2% and Miami down 3.6%.
The MoM decrease in the seasonally adjusted (SA) Case-Shiller National Index was at 0.21% (a +2.5% annual rate). This followed five consecutive MoM decreases in the seasonally adjusted index.About the Author
