Overview
- FHFA reported single-family prices up 0.4% from July and 2.3% year over year in August, with July revised to flat from a small decline.
- Case‑Shiller’s national index rose 1.5% annually in August, the weakest since mid‑2023, with a seasonally adjusted 0.2% monthly uptick.
- Regional splits widened, as the Middle Atlantic posted a 6.3% annual gain while the Pacific division fell 0.6%, FHFA data showed.
- Listings increased 14% year over year in September to 1.55 million, and the 30‑year mortgage rate eased to roughly 6.19%, which economists say could stir demand but may not produce a swift rebound.
- Metro performances diverged, with New York, Chicago and Cleveland leading annual gains while Tampa, Miami and Phoenix recorded declines.