S&P/Case-Shiller Home Price Index Shows Decline in March
S&P/Case Schiller Home index for March -0.2% vs 0.1 estimate. YoY 0.8% vs 1.0% est
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The S&P/Case-Shiller Home Price Index for March recorded a decrease of 0.2%, falling short of the 0.1% estimate. Year-over-year, prices rose 0.8%, below the expected 1.0%. Over half of the major U.S. metropolitan markets experienced price declines in February.
- 01The March index decreased by 0.2% compared to the estimated 0.1% increase.
- 02Year-over-year growth was 0.8%, lower than the 1.0% estimate.
- 03The prior month's index showed a decline of 0.1%.
- 04More than half of major U.S. metropolitan markets experienced price declines in February.
- 05The S&P/Case-Shiller indices are key indicators of U.S. residential real estate prices.
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The S&P/Case-Shiller Home Price Index for March reported a decline of 0.2%, which was below the estimated 0.1% increase. Year-over-year, the index showed a growth of 0.8%, falling short of the expected 1.0%. This decline indicates a trend where more than half of the major U.S. metropolitan markets experienced price drops in February. The S&P/Case-Shiller indices serve as leading measures of residential real estate prices in the United States, reflecting changes in property values nationally.
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The decline in home prices may affect homeowners and potential buyers, influencing market dynamics.
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