Could housing prices finally be coming back down to earth? Year-over-year home-price growth decelerated at a record-setting pace in July 2022. S&P CoreLogic’s latest Case-Shiller U.S. National Home Price NSA Index, released September 27, reports that price growth dropped by 2.3% from June to July — from 18.1% to 15.8%.
‘A forceful deceleration’
While prices are still growing compared with a year ago, that’s the largest one-month decline in the history of the index. Prices fell in 15 of the top 20 U.S. cities from June to July, however.
