flexiblefullpage - default
Currently Reading

Case-Shiller House Price Index Reveals Steep September Declines

billboard - default
Housing Markets

Case-Shiller House Price Index Reveals Steep September Declines

Despite persistent annual growth, the September Case-Shiller National House Price Index (HPI) revealed significant home price declines in some overheated housing markets 

November 30, 2022
Red arrow falling above white houses with pink background
Image: Stock.adobe.com

The most recent Case-Shiller House Price Index (HPI) revealed a seasonally adjusted monthly decrease of -0.76% in September, though the Federal Housing Finance Agency (FHFA) HPI posted a 0.1% gain in September, according to the CalculatedRisk Newsletter. 

On a seasonally adjusted basis, home prices fell in every city tracked by the Case-Shiller index on a month-to-month basis, but the largest monthly declines were in San Francisco, Phoenix, and Las Vegas, where prices fell by -2.2%, -2.1%, and -2.1%, respectively. 

The Case-Shiller Home Price Indices for “September” is a 3-month average of July, August and September closing prices. July closing prices include some contracts signed in May, so there is a significant lag to this data.

The MoM decrease in Case-Shiller was at -0.76% seasonally adjusted. This was the third consecutive MoM decrease, and slightly less than the decrease last month. This suggests prices fell sharply for September closings.

Read more

leaderboard2 - default

Related Stories

Housing Markets

Realtor.com Releases Annual List of Top Housing Markets for 2024

Topped by Toledo, Ohio, these are expected to be the hottest housing markets in 2024

Housing Markets

The Best Places to Buy a Home During Fall

These housing markets offer greater inventory and more affordable list prices during the fall season

Housing Markets

Taking a Bite of the Big Apple: NY Top City for Vampires in 2023

These are the best and worst U.S. cities for blood donors, basement dwellers, and garlic haters

boombox1 -
native1 - default
halfpage2 -

More in Category

By addressing social determinants of human health, such as housing, Sameer Sood's FwdSlash is helping to make affordable shelter a value-based investment

Get your sales and marketing teams together to create and deliver a consistent brand message from start to finish

Successful builders can grow during this housing recession if they plan for it by maintaining liquidity, keeping up their reputation, and actively searching for opportunities

native2 - default
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.