Expect House Prices to be up 20% YoY in July Report

The Case-Shiller and FHFA house prices reports released yesterday were for June.

According to Zillow, prices will be up even more in the July Case-Shiller report. The Zillow forecast is for the year-over-year change for the Case-Shiller National index to be at 20.1% in July, from 18.6% in June.

The Zillow forecast is for the 20-City index to be up 20.3% YoY in July from 19.1% in June, and for the 10-City index to be up 19.5% YoY compared to 18.5% YoY in June.

From Zillow: (their forecasts have been very close)

Here is a graph of the month-over-month change in the Case-Shiller National Index (SA) including the Zillow forecast for July. The last four months have all seen record month-over-month price increases, and the last 11 months have all been historically very strong. And, based on the Zillow forecast, July will be even stronger!