US Home Price Gains Ease Further in March

2026-05-26 13:06 By Joana Ferreira 1 min. read

The S&P Cotality Case-Shiller 20-City Home Price Index rose just 0.8% year-over-year in March 2026, easing from 0.9% in February and falling short of market expectations for a 1.0% increase.

It was the weakest annual increase since July 2023, adding to evidence of a cooling US housing market.

For the tenth straight month, inflation outpaced home price growth, continuing to erode inflation-adjusted housing wealth.

Regional divergence also persisted, with Midwest and Northeast cities outperforming while many Sun Belt and Western markets remained under pressure.

Chicago led annual price gains with a 6.1% increase, followed by New York at 4.0% and Cleveland at 3.0%.

On the downside, Seattle recorded the steepest annual decline at –2.5%.

Other weak performers included Denver (–2.0%), Tampa (–1.9%), Dallas (–1.7%), and Phoenix (–1.6%).

Even traditionally resilient markets such as Los Angeles (–1.6%) and Washington (–0.1%) slipped into negative territory.



News Stream
US Home Price Gains Ease Further in March
The S&P Cotality Case-Shiller 20-City Home Price Index rose just 0.8% year-over-year in March 2026, easing from 0.9% in February and falling short of market expectations for a 1.0% increase. It was the weakest annual increase since July 2023, adding to evidence of a cooling US housing market. For the tenth straight month, inflation outpaced home price growth, continuing to erode inflation-adjusted housing wealth. Regional divergence also persisted, with Midwest and Northeast cities outperforming while many Sun Belt and Western markets remained under pressure. Chicago led annual price gains with a 6.1% increase, followed by New York at 4.0% and Cleveland at 3.0%. On the downside, Seattle recorded the steepest annual decline at –2.5%. Other weak performers included Denver (–2.0%), Tampa (–1.9%), Dallas (–1.7%), and Phoenix (–1.6%). Even traditionally resilient markets such as Los Angeles (–1.6%) and Washington (–0.1%) slipped into negative territory.
2026-05-26
US Home Price Growth Slows to Weakest Pace Since 2023
The S&P Cotality Case-Shiller 20-City Home Price Index rose just 0.9% year-over-year in February 2026, down from 1.2% in January and below market forecasts of 1.1%. This marks the slowest annual growth since July 2023, highlighting the ongoing cooldown in the US housing market. For the ninth straight month, inflation outpaced home price appreciation, prolonging the streak of negative real home price returns. Over half of major US metro areas saw year-over-year price declines in February, with Denver (-2.2%) overtaking Tampa (-2.1%) as the weakest market, while Los Angeles (-0.8%) and Washington (-0.1%) also joined the list of decliners. On the other hand, Chicago led gains at 5%, followed by New York (4.7%) and Cleveland (4.2%). "Mortgage rates near 6% continue to weigh on affordability and transaction activity, holding nominal price growth below inflation," said Nicholas Godec, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices.
2026-04-28
US Home Price Growth Slows to Weakest Since 2023
The S&P Cotality Case-Shiller 20-City Home Price Index rose 1.2% year over year in January 2026, down from 1.4% in December and below market expectations of 1.3%. This marked the weakest annual growth since July 2023, underscoring the continued cooling in the US housing market. For the eighth straight month, home price appreciation lagged consumer inflation, pushing real home values slightly lower compared to a year ago. New York led gains with a 4.9% annual increase, followed by Chicago (4.6%) and Cleveland (3.6%), while Tampa saw the largest decline (-2.5%). On a monthly basis, prices dipped 0.1% before seasonal adjustment but ticked up 0.2% after, signaling a market in stabilization mode, neither rebounding nor crashing.
2026-03-31