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Consumer Price Index: Difference between revisions
→4. Housing Market
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Steep competition in the housing market and low supply are heating up home prices again. Before seasonal adjustment, prices rose in all 20 cities in March (versus in 12 in February), and in all 20 price gains accelerated between February and March.<ref>https://www.cnbc.com/2023/05/30/home-price-declines-may-be-over-sp-case-shiller-says.html</ref> | Steep competition in the housing market and low supply are heating up home prices again. Before seasonal adjustment, prices rose in all 20 cities in March (versus in 12 in February), and in all 20 price gains accelerated between February and March.<ref>https://www.cnbc.com/2023/05/30/home-price-declines-may-be-over-sp-case-shiller-says.html</ref> | ||
* The non-seasonally adjusted S&P CoreLogic Case-Shiller home price index in the United States increased 1.5% month-over-month in | * The non-seasonally adjusted S&P CoreLogic Case-Shiller home price index in the United States increased 1.5% month-over-month in may of 2023, the most since May of 2022, and following an upwardly revised 0.3% rise in February.<ref>https://tradingeconomics.com/united-states/case-shiller-home-price-index-mom</ref> | ||
* The S&P CoreLogic Case-Shiller home price index in the US fell 1.1% yoy in March 2023, the first decline since May 2012, and compared to forecasts of a 1.6% drop.<ref>https://tradingeconomics.com/united-states/case-shiller-home-price-index-yoy</ref> | * The S&P CoreLogic Case-Shiller home price index in the US fell 1.1% yoy in March 2023, the first decline since May 2012, and compared to forecasts of a 1.6% drop.<ref>https://tradingeconomics.com/united-states/case-shiller-home-price-index-yoy</ref> | ||