Case-Shiller National House Price Index "Decelerated" to 18.0% year-over-year increase in June

FHFA: "[A] deceleration has appeared in the June monthly data”

Both the Case-Shiller House Price Index (HPI) and the Federal Housing Finance Agency (FHFA) HPI for June were released today. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).

The Case-Shiller Home Price Indices for “June” is a 3-month average of April, May and June closing prices. June clos…