Currently Reading

Case-Shiller: September Home Prices Break 6-Year High

Market Data + Trends

Case-Shiller: September Home Prices Break 6-Year High

November 25, 2020
Home and money
Photo: Tinnakorn warns that prospective homebuyers may not find a better deal in the future as home prices continue their climb. According to the S&P CoreLogic Case-Shiller price index, home prices in 20 large cities increased at a 6.6% yearly pace last month. In September, that yearly pace was 5.3% and economists only predicted a 5.4% for October home prices. Surveying the country as a whole, Case-Shiller saw a 7% increase in home prices year over year.

Home prices have actually risen faster during the worst pandemic in a century instead of getting cheaper. Rock-bottom mortgage rates and a flush of people leaving cities during the pandemic for more space in the suburbs and beyond has boosted demand at a time when the supply of home for sales is near a historic low.

On a monthly basis, the Case-Shiller 20-city index rose 1.2% in September.

What happened: Prices rose in 19 of the 20 large cities tracked by Case-Shiller. The lone exception, Detroit, likely registered higher prices as well, but Case-Shiller could not collect enough data because of rising COVID-19 cases in the area.

Read More


Related Stories

Built for Rent

Single-Family Rentals Are Taking Over the Housing Market

For some, single-family rentals are taking precedence over homeownership.

Market Data + Trends

September Reports Increased Home Sales

Monthly home sales rebounded in September after August decline.


More in Category


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.