Case-Shiller: Home Prices Climbing a Little Slower Now

Home prices aren't dropping, which is good for current homeowners. But the hurdles of homeownership are still there for everyone else.

1 minute read

May 29, 2019, 12:00 PM PDT

By James Brasuell @CasualBrasuell


Andrea Riquier reports: "The S&P CoreLogic Case-Shiller 20-city index rose a seasonally adjusted 0.1% in March, compared to February, and was 2.7% higher compared to a year ago. That was the slowest pace of annual growth since August 2012."

That's a story of deceleration, and it's welcome news to potential homebuyers hoping to enter the market. It's also not terrible news for existing homeowners, who are still appreciating equity.

According to Riquier, the report also reflects the Census population estimates released earlier this month in reflecting the American preference for sunny climates. "The cities with the highest price gains in March were Las Vegas, Phoenix and Tampa."

Still, signs of the recession are still apparent in those areas. "Even with the gain, bargains may be found in these metro areas," writes Riquier. "Prices in Las Vegas and Phoenix are nearly 20% lower than their 2006 peaks, according to Case-Shiller; Tampa’s price index is about 9% lower."

The new real estate market data also got picked up by Eliot Njus for local coverage in Portland. Njus also explains the distinctions in the data between homes in different price ranges.

Wednesday, May 29, 2019 in Marketwatch

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Aerial view of town of Wailuku in Maui, Hawaii with mountains in background against cloudy sunset sky.

Maui's Vacation Rental Debate Turns Ugly

Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.

July 1, 2025 - Honolulu Civil Beat

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

July 2, 2025 - Diana Ionescu

White and purple sign for Slow Street in San Francisco, California with people crossing crosswalk.

San Francisco Suspends Traffic Calming Amidst Record Deaths

Citing “a challenging fiscal landscape,” the city will cease the program on the heels of 42 traffic deaths, including 24 pedestrians.

July 1, 2025 - KQED

Google street view of red brick multi-story power plant building in Pittsburgh, PA.

Defunct Pittsburgh Power Plant to Become Residential Tower

A decommissioned steam heat plant will be redeveloped into almost 100 affordable housing units.

July 4 - Pittsburgh Post-Gazette

Cyclist on protected bike lane in middle of street in Washington D.C. with Washington Monument obelisk visible in background.

Trump Prompts Restructuring of Transportation Research Board in “Unprecedented Overreach”

The TRB has eliminated more than half of its committees including those focused on climate, equity, and cities.

July 4 - Streetsblog USA

Blue and silver Amtrak train at small station.

Amtrak Rolls Out New Orleans to Alabama “Mardi Gras” Train

The new service will operate morning and evening departures between Mobile and New Orleans.

July 3 - New Orleans City Business