But it tells of inflation, nevertheless.
At 9 a.m. ET today, S&P Dow Jones Indices released the latest results of the S&P Cotality Case-Shiller Indices, formerly known as the S&P CoreLogic Case-Shiller Indices.
Data through May 2026 reveals the following:
Year-Over-Year
- The S&P Cotality Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 1.1% annual gain in May, up from a 0.9% rise in the previous month.
- The 10-City Composite saw an annual increase of 2.4%, up from a 1.8% increase in the previous month. The 20-City Composite posted a year-over-year increase of 1.6%, up from a 1.2% rise in the previous month.
- Chicago, New York and Cleveland reported the highest year-over-year gains with year-over-year price increases of 6.9%, 4.2% and 3.1%, respectively.
- Las Vegas posted the lowest return in May, falling -1.9% year over year.
Month-over-Month
- The pre-seasonally adjusted 10-City Composite and 20-City Composite Indices recorded monthly gains of 0.9%, while the U.S. National Index posted a 0.6% gain.
- After seasonal adjustment, the U.S. National reported a monthly decrease of 0.05% while the 10-City
and 20-City Composite Indices posted 0.3% and 0.1% gains, respectively.
Historical
- Measured from its June 2022 peak, the 10-City Composite is up 12.5%.
- The 20-City Composite is up by 9.4%.
- The National Index is up 8.8% from its June 2022 peak.
Remember, add three zeroes to the right axis number fol the home price.
Write when so moved…,
~ure