The Coming Deceleration in House Price Growth

Still, the August Case-Shiller National Index will be up about 20% YoY

Yesterday, the National Association of Realtors® (NAR) reported that median house prices were up 13.3% year-over-year (YoY) in September. This is down from the peak growth rate of 23.6% YoY in May 2021.

Last month, Case-Shiller reported that the National Index was up 19.7% YoY in July (record YoY increase for Case-Shiller). The Case-Shiller index for …