U.S. Home Price Landscape for June 2023
In the latest data release, S&P Dow Jones Indices showcased results for the S&P CoreLogic Case-Shiller Indices, a barometer for U.S. home prices. June’s data highlighted consistent month-over-month price hikes across 20 primary metro areas, marking the fourth consecutive month of such increases.
Yearly Metrics Shift Toward Stabilization
The national picture presented mixed results. The comprehensive U.S. National Home Price NSA Index documented no annual change for June, witnessing a shift from the -0.4% decline observed in May. The 10-City Composite recorded a -0.5% dip year-over-year, demonstrating recovery from the previous month’s -1.1% drop. Meanwhile, the 20-City Composite revealed a -1.2% annual decrease, slightly improving from the preceding month’s -1.7% dip and surpassing the projected -1.5% contraction.
