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Housing Market: US: Difference between revisions
→Price Developments
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* The S&P CoreLogic Case-Shiller price index in the US rose 2.5% year-on-year in January of 2023, the smallest increase since November of 2019, following a 4.6% rise in December<ref name=":2" /> | * The S&P CoreLogic Case-Shiller price index in the US rose 2.5% year-on-year in January of 2023, the smallest increase since November of 2019, following a 4.6% rise in December<ref name=":2" /> | ||
* The S&P CoreLogic Case-Shiller price index in the US declined 0.6% month-over-month in January of 2023, a seventh consecutive decline. <ref>https://tradingeconomics.com/united-states/case-shiller-home-price-index-mom</ref> | * The S&P CoreLogic Case-Shiller price index in the US declined 0.6% month-over-month in January of 2023, a seventh consecutive decline. <ref>https://tradingeconomics.com/united-states/case-shiller-home-price-index-mom</ref> | ||
=== February 2023 === | |||
* The S&P CoreLogic Case-Shiller rose a non-seasonally adjusted 0.2% month-over-month in February of 2023 | |||
* The S&P CoreLogic Case-Shiller \edged up 0.4% yoy in February 2023, the smallest increase since 2012, compared to a 2.6% rise in January, and market forecasts of a flat reading. | |||
* Mortgage financing and the prospect of economic weakness are likely to remain a headwind for housing prices for at least the next several months. <ref>https://tradingeconomics.com/united-states/case-shiller-home-price-index-yoy</ref> | |||
== References == | == References == | ||