【Zillow】August Case-Shiller Results and September Forecast: Stabilizing, not Swooning

• The S&P CoreLogic Case-Shiller U.S. National Home Price Index® rose 3.2% year-over-year in August (non-seasonally adjusted), up from 3.1% in July. Annual growth in the smaller 10-city index was slightly slower than July, and was unchanged in the 20-city index.
• Phoenix (+6.3%), Charlotte (+4.5%) and Tampa (+4.3%) reported the highest year-over-year gains among markets in the 20-city index.

Despite some indications the market may be hitting a turning point, the general pace of home price growth continues to slow and come back in line with historic norms.

The national Case-Shiller Home Price Index rose 3.2% year-over-year in August, in line with expectations. The smaller 10- and 20-city composite indices grew more slowly, at 1.5% and 2% year-over-year, respectively. On a monthly (seasonally adjusted) basis, the 10-city index fell by 0.1% in August from July, while the 20-city index was down 0.2% over the same period.

read more