- Analytics
- News and Tools
- Market News
- U.S. home price growth unexpectedly decelerates in June - S&P Dow Jones Indices
U.S. home price growth unexpectedly decelerates in June - S&P Dow Jones Indices
S&P
reported on Tuesday its Case-Shiller Home Price Index, which tracks home prices
in 20 U.S. metropolitan areas, rose 3.5 percent y-o-y in June, following a revised
3.6 percent y-o-y increase in May (originally a 3.7 percent y-o-y gain).
Economists had
expected an advance of 3.8 percent y-o-y.
Phoenix (+9.0
percent y-o-y), Seattle (+6.5 percent y-o-y) and Tampa (+5.9 percent y-o-y)
recorded the highest y-o-y advances in June. Five of the 19 cities reported
greater price gains in the year ending June versus the year ending May.
Meanwhile, the
S&P/Case-Shiller U.S. National Home Price Index, which measures all nine
U.S. census divisions, rose 4.3 percent y-o-y in June, no change from the
previous month.
“Housing prices
were stable in June,” noted Craig J. Lazzara, Managing Director and Global Head
of Index Investment Strategy at S&P Dow Jones Indices. “More data will be
required to understand whether the market resumes its previous path of
accelerating prices, continues to decelerate, or remains stable. That said,
it’s important to bear in mind that deceleration is quite different from an environment
in which prices actually fall.”
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
