Home Prices Rose 18% in June, Says Case-Shiller
New York, NY, August 30, 2022-Home prices made an 18.0% annual gain in June, down from 19.9% in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.
The Ten-City Composite annual increase came in at 17.4%, down from 19.1% in the previous month. The 20-City Composite posted a 18.6% year-over-year gain, down from 20.52% in the previous month.
Tampa, Miami, and Dallas reported the highest year-over-year gains among the 20 cities in June. Tampa led the way with a 35.0% year-over-year price increase, followed by Miami in a second with a 33.0% increase, and Dallas in third with a 18.2% increase. Only one of the 20 cities reported higher price increased in the year ending June 2022 versus the year ending May 2022.
Before seasonal adjustment, the U.S. National Index posted a 0.6% month-over-month increase in June, while the 10-City and 20-City Composites both posted increases of 0.4%.
After seasonal adjustment, the U.S. National Index posted a month-over-month increase of 0.3%, and the 10-City and 20-City Composites posted increases of 0.3% and 0.4%, respectively.