【Zillow】May Case-Shiller Results and June Forecast: Still Tapping on the Brakes

Home prices continue to climb, but at a slower pace that amounts to normalization rather than full cooling. In May, which is well into home-buying season, prices slowed again, , according to Case-Shiller’s national home price index. They rose 3.4% year-over-year, below 3.5% growth in April, which itself marked a slowdown from March.

Only seven of the cities in Case-Shiller’s 20-city composite reported higher price increases for the year ending May 2019 compared to April 2019. Las Vegas, Phoenix and Tampa posted the largest year-over-year gains in that group, climbing 6.4%, 5.7% and 5.1% respectively. Seattle, which used to report white-hot price growth, fell by 1.2% year-over year. San Francisco gained just 1%.

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