FX.co ★ US Home Price Growth Slows to 21-Month Low: Case-Shiller

The S&P CoreLogic Case-Shiller 20-City Home Price Index experienced a 2.8% year-over-year increase in May 2025, down from a 3.4% rise in April and slightly under the anticipated 3.0% rise. This represented the slowest annual growth in house prices since August 2023, influenced by elevated mortgage rates, tightened financial conditions, reduced transaction volumes, and more localized market trends. New York emerged as the leading city with a 7.4% annual increase, followed by Chicago at 6.1% and Detroit at 4.9%, underscoring the Midwest and Northeast's prominence in the 2025 housing scene. Conversely, Tampa experienced a 2.4% annual decrease, marking its seventh consecutive month of year-over-year price reductions. On a month-to-month basis, the index for the 20-City Home Price Index increased by 0.4%, which is the slowest monthly rise since January.