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Housing Market: US: Difference between revisions
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* 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 name=":3">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 name=":3">https://tradingeconomics.com/united-states/case-shiller-home-price-index-mom</ref> | ||
=== February 2023 === | === February 2023<ref name=":4" /> === | ||
* 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 rose a non-seasonally adjusted 0.2% month-over-month in February of 2023 | ||
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* The non-seasonally adjusted S&P CoreLogic Case-Shiller home price index in the United States increased 1.5% month-over-month in March of 2023, the most since May of 2022, and following an upwardly revised 0.3% rise in February.<ref name=":3" /> | * The non-seasonally adjusted S&P CoreLogic Case-Shiller home price index in the United States increased 1.5% month-over-month in March of 2023, the most since May of 2022, and following an upwardly revised 0.3% rise in February.<ref name=":3" /> | ||
* 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 name=":4" /> | * 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 name=":4" /> | ||
=== April 2023 === | |||
“If I were trying to make a case that the decline in home prices that began in June 2022 had definitively ended in January 2023, April’s data would bolster my argument. Whether we see further support for that view in coming months will depend on the how well the market navigates the challenges posed by current mortgage rates and the continuing possibility of economic weakness”, says Craig J. Lazzara, Managing Director at S&P DJI. | |||
* The S&P CoreLogic Case-Shiller 20-city home price index in the US increased 1.7% month-over-month in April of 2023, marking a third consecutive month of rising prices, a sign the housing market continued to strengthen. <ref name=":3" /> | |||
* The S&P CoreLogic Case-Shiller 20-city home price index in the US fell 1.7% yoy in April 2023, the biggest decline since April 2012, and compared to forecasts of a 2.6% drop. | |||
== References == | == References == | ||