Could real estate prices finally come down to earth? Year-over-year house price growth slowed to a record pace in July 2022. S&P CoreLogic’s latest Case-Shiller US National Home Price NSA Index, released September 27, indicates that house price growth fell 2.3% from June to July. — from 18.1% to 15.8%. “A brutal deceleration”
Although prices continue to rise from a year ago, this is the biggest one-month decline in the history of the index. However, prices fell in 15 of the 20 major US cities from June to July.