
by Calculated Risk on 9/30/2025 10:10:00 AM
Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 1.7% year-over-year in July
Excerpt:
S&P/Case-Shiller released the monthly Home Price Indices for July (“July” is a 3-month average of May, June and July closing prices). May closing prices include some contracts signed in March, 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 -0.06% (a -0.8% annual rate). This was the fifth consecutive MoM decrease.
On a seasonally adjusted basis, prices increased month-to-month in 10 of the 20 Case-Shiller cities. San Francisco has fallen 8.9% from the recent peak, Phoenix is down 5.2% from the peak, and Tampa down 3.7%..