{"id":1467,"date":"2025-08-29T10:27:23","date_gmt":"2025-08-29T10:27:23","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/home-prices-still-growing-but-at-the-slowest-pace-since-2012\/"},"modified":"2025-08-29T10:27:23","modified_gmt":"2025-08-29T10:27:23","slug":"home-prices-still-growing-but-at-the-slowest-pace-since-2012","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/home-prices-still-growing-but-at-the-slowest-pace-since-2012\/","title":{"rendered":"Home Prices Still Growing, But at The Slowest Pace Since 2012"},"content":{"rendered":"\n<div>\n<p>Both the FHFA and the S&amp;P CoreLogic Case-Shiller indices published updated home-price data this week. The takeaway remains the same: prices are rising year-over-year, but at an increasingly slow rate. Case Shiller&#8211;the more volatile index&#8211;is at the lowest pace in more than 2 years while the broader FHFA index is the lowest since 2012 in year-over-year terms.\u00a0\u00a0<\/p>\n<p><strong>FHFA House Price Index (seasonally adjusted, MoM)<\/strong><\/p>\n<ul>&#13;<\/p>\n<li>June: \u22120.2%; May was revised to \u22120.1% from unchanged<\/li>\n<p>&#13;<\/p>\n<li>YoY: +2.9% from June 2024 to June 2025<\/li>\n<p>&#13;\n<\/ul>\n<p>All nine census divisions remained positive YoY, with gains ranging from +0.7% in the Mountain division to +6.7% in the Middle Atlantic.<\/p>\n<p><strong>Case-Shiller National Index (unadjusted)<\/strong><\/p>\n<ul>&#13;<\/p>\n<li>YoY: +1.9% in June, down from +2.3% in May<\/li>\n<p>&#13;<\/p>\n<li>MoM (non seasonally adjusted): +0.4%<\/li>\n<p>&#13;<\/p>\n<li>MoM (seasonally adjusted): \u22120.3%<\/li>\n<p>&#13;\n<\/ul>\n<p>The 20-City Composite posted a \u22120.3% MoM decline (SA) and a +2.1% YoY gain. The 10-City Composite was slightly firmer at \u22120.1% MoM and +2.6% YoY.<\/p>\n<p><strong>Seasonally Adjusted Comparison:<\/strong><\/p>\n<table>&#13;<\/p>\n<thead>&#13;<\/p>\n<tr>&#13;<\/p>\n<th>Index<\/th>\n<p>&#13;<\/p>\n<th>MoM (SA)<\/th>\n<p>&#13;<\/p>\n<th>YoY<\/th>\n<p>&#13;<br \/>\n<\/tr>\n<p>&#13;\n<\/thead>\n<p>&#13;<\/p>\n<tbody>&#13;<\/p>\n<tr>&#13;<\/p>\n<td>FHFA HPI<\/td>\n<p>&#13;<\/p>\n<td>\u22120.2%<\/td>\n<p>&#13;<\/p>\n<td>+2.9%<\/td>\n<p>&#13;<br \/>\n<\/tr>\n<p>&#13;<\/p>\n<tr>&#13;<\/p>\n<td>Case-Shiller<\/td>\n<p>&#13;<\/p>\n<td>\u22120.3%<\/td>\n<p>&#13;<\/p>\n<td>+1.9%<\/td>\n<p>&#13;<br \/>\n<\/tr>\n<p>&#13;<br \/>\n<\/tbody>\n<p>&#13;<br \/>\n<\/table>\n<p>Non-seasonally adjusted Case-Shiller readings still show the usual spring\/summer uptick, but once adjusted for seasonality the underlying trend is negative. FHFA data also points to weakening, with its second consecutive month of declines.<\/p>\n<p>Here&#8217;s the monthly chart, showing the typical seasonality in Case Shiller:<\/p>\n<p><\/p>\n<p><strong>Longer-Term View: YoY Trends<\/strong><\/p>\n<ul>&#13;<\/p>\n<li>FHFA shows annual growth of +2.9%, consistent with a slowing trend.<\/li>\n<p>&#13;<\/p>\n<li>Case-Shiller\u2019s +1.9% gain is the lowest since mid-2023.<\/li>\n<p>&#13;\n<\/ul>\n<p>Moving to a year-over-year view means we no longer have to worry about seasonal adjustments.\u00a0 Here we see just how aligned the two indices are.\u00a0 Unfortunately, they&#8217;re both showing an ongoing deceleration in price gains (or perhaps it&#8217;s fortunate if the deceleration ends up leveling off around current levels).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/a.mortgagenewsdaily.com\/assets\/68af6faf6939fd8496ba6c97\/68af6faf6939fd8496ba6c97.png\" width=\"633\" height=\"544\" alt=\"\"\/><\/p>\n<p>Bottom line: home prices are still higher than a year ago, but momentum is clearly slowing.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Both the FHFA and the S&amp;P CoreLogic Case-Shiller indices published updated home-price data this week. The takeaway remains the same: prices are rising year-over-year, but at an increasingly slow rate. Case Shiller&#8211;the more volatile index&#8211;is at the lowest pace in more than 2 years while the broader FHFA index is the lowest since 2012 in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1029,259,906,260,1304],"class_list":["post-1467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-growing","tag-home","tag-pace","tag-prices","tag-slowest"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=1467"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/1468"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=1467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=1467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=1467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}