RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Case-Shiller: Home Prices Step Up

Home Latest News
By RISMedia Staff
April 24, 2018
Reading Time: 2 mins read
Case-Shiller: Home Prices Step Up

save money for investment mortgage concept by money house from a coins with filter effect retro vintage style

Home prices stepped up 6.2 percent in January, according to the S&P CoreLogic/Case-Shiller Indices.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index’s 10-City Composite, which is an average of 10 metros (Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco and Washington, D.C.), rose 6 percent year-over-year, unchanged from December.

The 20-City Composite—which is an average of the 10 metros in the 10-City Composite, plus Atlanta, Charlotte, Cleveland, Dallas, Detroit, Minneapolis, Phoenix, Portland, Seattle and Tampa—rose 6.4 percent year-over-year, an increase from 6.3 percent in December. Month-over-month, both the 10-City Composite and the 20-City Composite rose, each 0.3 percent.

“The home price surge continues,” says David M. Blitzer, chairman of the Index Committee and managing director at S&P Dow Jones Indices. “Since the market bottom in December 2012, the S&P Corelogic Case-Shiller National Home Price index has climbed at a 4.7 percent real—inflation adjusted—annual rate. That is twice the rate of economic growth as measured by the GDP.

“While price gains vary from city to city, there are few, if any, really weak spots,” Blitzer says. “Seattle, up 12.9 percent in the last year, continues to see the largest gains, followed by Las Vegas up 11.1 percent over the same period. Even Chicago and Washington, the cities with the smallest price gains, saw a 2.4 percent annual increase in home prices. Two factors supporting price increases are the low inventory of homes for sale and the low vacancy rate among owner-occupied housing. The current months-supply—how many months at the current sales rate would be needed to absorb homes currently for sale—is 3.4; the average since 2000 is 6.0 months, and the high in July 2010 was 11.9. Currently, the homeowner vacancy rate is 1.6 percent compared to an average of 2.1 percent since 2000; it peaked in 2010 at 2.7 percent.

“Despite limited supplies, rising prices, and higher mortgage rates, affordability is not a concern,” says Blitzer. “Affordability measures published by the National Association of REALTORS® show that a family with a median income could comfortably afford a mortgage for a median-priced home.”

The complete data for the 20 markets measured by S&P Dow Jones:

Atlanta, Ga.
Month-Over-Month (MoM): 0.7%
Year-Over-Year (YoY): 6.5%

Boston, Mass.
MoM: 0.2%
YoY: 5.3%

Charlotte, N.C.
MoM: 0.4%
YoY: 6%

Chicago, Ill.
MoM: 0%
YoY: 2.4%

Cleveland, Ohio
MoM: 0%
YoY: 3.5%

Dallas, Texas
MoM: 0.2%
YoY: 6.9%

Denver, Colo.
MoM: 0.7%
YoY: 7.6%

Detroit, Mich.
MoM: 0.1%
YoY: 7.6%

Las Vegas, Nev.
MoM: 0.6%
YoY: 11.1%

Los Angeles, Calif.
MoM: 0.6%
YoY: 7.6%

Miami, Fla.
MoM: 0.6%
YoY: 4%

Minneapolis, Minn.
MoM: 0.1%
YoY: 5.9%

New York, N.Y.
MoM: 0%
YoY: 5.2%

Phoenix, Ariz.
MoM: 0.3%
YoY: 5.9%

Portland, Ore.
MoM: 0.4%
YoY: 7.1%

San Diego, Calif.
MoM: 0.8%
YoY: 7.4%

San Francisco, Calif.
MoM: 0.4%
YoY: 10.2%

Seattle, Wash.
MoM: 0.7%
YoY: 12.9%

Tampa, Fla.
MoM: 0.4%
YoY: 6.7%

Washington, D.C.
MoM: -0.4%
YoY: 2.4%

For the latest real estate news and trends, bookmark RISMedia.com.

Tags: Case-ShillerHome Price GrowthHome PricesNARreal estate newsS&P CoreLogic Case-Shiller IndicesS&P Dow Jones
ShareTweetShare

RISMedia Staff

Related Posts

Beyond Commissions: How Two Leading Brokerage Firms Are Redefining Agent Compensation
Agents

Beyond Commissions: How Two Leading Brokerage Firms Are Redefining Agent Compensation

October 3, 2025
zillow
Agents

Zillow Seeks to Scrutinize Anywhere-Compass Deal for Inconsistencies With Lawsuit Claims

October 3, 2025
Consolidation
Agents

The Consolidation Trend: A Look at the How, Why and Outcomes

October 2, 2025
Forbes Global Properties Welcomes Rhode Island’s Flagship Real Estate Advisors to its Network
Industry News

Forbes Global Properties Welcomes Rhode Island’s Flagship Real Estate Advisors to its Network

October 2, 2025
Final Offer Launches in Denver and the Front Range in Partnership With Several Colorado Brokerages
Industry News

Final Offer Launches in Denver and the Front Range in Partnership With Several Colorado Brokerages

October 3, 2025
Lone Wolf Technologies Expands Partnership with the California Association of Realtors®
Industry News

Lone Wolf Technologies Expands Partnership with the California Association of Realtors®

October 3, 2025
Please login to join discussion
Tip of the Day

Your Social Media Fall Audit: How to Refresh Your Digital Presence in Q4

Just like cleaning out your closet for a new season, fall is the perfect time to refresh your digital branding, fine-tune your social media profiles and make sure your content strategy is working hard for you. Read more.

Business Tip of the Day provided by

Recent Posts

  • Beyond Commissions: How Two Leading Brokerage Firms Are Redefining Agent Compensation
  • Zillow Seeks to Scrutinize Anywhere-Compass Deal for Inconsistencies With Lawsuit Claims
  • The Consolidation Trend: A Look at the How, Why and Outcomes

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2025 Newsmakers
    • 2024 Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2025 Power Broker
    • 2024 Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X