Guilty...I missed the CaseShiller data. CaseSchiller home prices fell -0.3% in May ...Middle East

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Guilty...I missed the CaseShiller data. CaseSchiller home prices fell -0.3% in May

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The Case Schiller home price index for the 20 largest cities fell -0.3% in May vs -0.2% estimate. The prior month remained at -0.3%.

    YoY prices rose 2.8% vs 3.0%. That is down from 3.4% last month.

    The 20-City Composite posted a year-over-year increase of 2.8%, down from a 3.4% increase in the previous month. New York again reported the highest annual gain among the 20 cities with a 7.4% increase in May, followed by Chicago and Detroit with annual increases of 6.1% and 4.9%, respectively. Tampa posted the lowest return, falling 2.4%.

    The 10-City Composite saw an annual increase of 3.4%, down from a 4.1% annual increase in the previous month

    More details:

    Regional divergence is widening: New York (+7.4%), Chicago (+6.1%), and Detroit (+4.9%) lead gains, while Tampa saw a -2.4% drop, its 7th straight annual decline.

    Western markets remain weak, with San Francisco turning negative (-0.6%) and minimal gains in LA (+1.1%), San Diego (+0.4%), and Phoenix (+0.9%).

    Monthly price growth has stalled: Headline indices rose just 0.4% (non-seasonally adjusted) and fell -0.3% (seasonally adjusted) — the third straight monthly decline.

    Only four cities (Cleveland, Minneapolis, Charlotte, Tampa) saw month-over-month acceleration, signaling narrowing momentum.

    The slowdown now reflects more than just high mortgage rates—it's due to tight financial conditions, low transaction volume, and local market shifts.

    Affordability pressures and tight inventory are keeping national home prices flat—but barely.

    Here is the data in bullet format with each city's May/April MoM change and 1-year change on one line:

    Atlanta: +0.56% MoM, +1.70% YoY

    Boston: +1.31% MoM, +4.64% YoY

    Charlotte: +1.08% MoM, +2.55% YoY

    Chicago: +1.22% MoM, +6.10% YoY

    Cleveland: +1.42% MoM, +4.82% YoY

    Dallas: +0.73% MoM, +0.61% YoY

    Denver: +0.15% MoM, -0.01% YoY

    Detroit: +1.08% MoM, +4.91% YoY

    Las Vegas: +0.44% MoM, +3.30% YoY

    Los Angeles: +0.11% MoM, +1.10% YoY

    Miami: -0.12% MoM, +0.59% YoY

    Minneapolis: +0.36% MoM, +2.55% YoY

    New York: +0.49% MoM, +7.40% YoY

    Phoenix: +0.20% MoM, +0.90% YoY

    Portland: +0.56% MoM, +0.74% YoY

    San Diego: +0.09% MoM, +0.40% YoY

    San Francisco: -0.05% MoM, -0.64% YoY

    Seattle: +0.12% MoM, +0.37% YoY

    Tampa: +0.52% MoM, -2.42% YoY

    Washington: +0.70% MoM, +3.26% YoY

    This article was written by Greg Michalowski at investinglive.com.

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