Sustained Growth in US Housing Market: S&P CoreLogic and FHFA Indices
The latest S&P CoreLogic Case-Shiller Indices and FHFA House Price Index indicate continued growth in the US housing market. The S&P CoreLogic Case-Shiller data for September 2023 shows significant growth in major metro markets, while the FHFA reports a 5.5% increase in US house prices year-over-year.
Regional Trends and Metropolitan Highlights
S&P CoreLogic Case-Shiller’s analysis reveals that Detroit, San Diego, and New York are leading the year-over-year gains, with the Northeast and Midwest as the strongest regions. Conversely, the FHFA highlights Vermont, Maine, and New Hampshire as top performers, with Hawaii and the District of Columbia experiencing price depreciation.