finance
Home Prices Fell in Over Half of 20 Largest U.S. Cities in March
The S&P Cotality Case-Shiller index showed a 0.16 percent monthly decline in home prices across the 20 largest U.S. cities in March. Year-over-year growth slowed to 0.83 percent, the weakest annual pace since July 2023.
May 26, 9:07 AM·1m read1 source
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U.S. cities in March. 10 percent decline that analysts had projected. 83 percent from a year earlier, marking the slowest annual increase since July 2023. More than half of the 20 markets posted year-over-year price declines. Nicholas Godec, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices, said the data reflected a broadening slowdown.
Northeast markets continued to post gains while many Sun Belt and Western cities recorded declines. 0 percent. 5 percent, with Denver, Tampa, Dallas, Phoenix, and Los Angeles also posting negative readings. 6 percentage points. Detroit data remained unavailable due to local reporting delays.
4 percent by the end of March after briefly falling below 6 percent in late February. Godec stated that higher rates intensified affordability pressures on buyers. 6 percentage points, extending a period of negative real returns for homeowners.
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