On Friday, in Part 1: Current State of the Housing Market; Overview for mid-August I reviewed home inventory and sales. House Prices Reported YoY house price growth remained negative in May, with the Case-Shiller National Index down 0.5%. The MoM increase in the seasonally adjusted Case-Shiller National Index was at 0.74%. This was the fourth consecutive MoM increase following seven straight MoM decreases.