Price of Homes Continues to Rise at Slightly Slower Rate

houston metro case shiller corelogic

The latest report from the S&P CoreLogic Case-Shiller Indices show home prices continue to increase across the U.S.

As a set of indices, Case-Shiller are regarded as the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate nationally. A list of the indices can be found and viewed at the S&P CoreLogic Case-Shiller Home Price Index Methodology web page.

The indices reported Jan. 25 cover all nine U.S. census divisions and reported an 18.8% annual gain in November, down from 19% in the previous month. The 10-City Composite annual increase came in at 16.8%, down from 17.2% in the previous month. The 20-City Composite posted an 18.3% year-over-year gain, down from 18.5% in the previous month.

Phoenix, Tampa, and Miami reported the highest year-over-year gains among the 20 cities in November. Phoenix led the way with a 32.2% year-over-year home price increase, followed by Tampa with a 29% increase in and Miami with a 26.6% increase. Eleven of the 20 cities reported higher price increases in the year ending November 2021 versus the year ending October 2021.

The charts on the following page compare year-over-year returns of different housing price ranges for Phoenix and Tampa.

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