The S&P CoreLogic Case-Shiller 20-city home price index in the US rose 6.6% from a year earlier in September of 2020, following a 5.3% increase in the previous month and well above market expectations of a 5.1% gain. It is the biggest jump in house prices since April of 2018. Phoenix (11.4%), Seattle (10.1%) and San Diego (9.5%) continued to report the highest year-over-year gains among the 19 cities. Meanwhile, the national index, covering all nine US census divisions, advanced 7%, higher than 5.8% in the previous month, the most since May of 2014. "This month’s increase may reflect a catch-up of COVID-depressed demand from earlier this year; it might also presage future strength, as COVID encourages potential buyers to move from urban apartments to suburban homes. The next several months’ reports should help to shed light on this question", says Craig J. Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P Dow Jones Indices. source: Standard & Poor's
Case Shiller Home Price Index in the United States averaged 167.75 points from 2000 until 2020, reaching an all time high of 232.53 points in September of 2020 and a record low of 100 points in January of 2000. This page provides the latest reported value for - United States S&P Case-Shiller Home Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States S&P Case-Shiller Home Price Index - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Case Shiller Home Price Index in the United States is expected to be 228.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Case Shiller Home Price Index in the United States to stand at 227.00 in 12 months time. In the long-term, the United States S&P Case-Shiller Home Price Index is projected to trend around 225.00 points in 2021 and 224.00 points in 2022, according to our econometric models.