{"id":642686,"date":"2026-07-28T13:13:13","date_gmt":"2026-07-28T13:13:13","guid":{"rendered":"https:\/\/buglecall.org\/?p=642686"},"modified":"2026-07-28T13:13:13","modified_gmt":"2026-07-28T13:13:13","slug":"us-home-prices-unexpectedly-jumped-in-may-chicago-leading-vegas-lagging-2","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=642686","title":{"rendered":"US Home Prices Unexpectedly Jumped In May; Chicago Leading, Vegas Lagging"},"content":{"rendered":"

US Home Prices Unexpectedly Jumped In May; Chicago Leading, Vegas Lagging<\/span><\/p>\n

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Having declined for three straight months, US home prices in America’s 20 largest cities was expected to rise very marginally (+0.1% MoM) in May (according to the latest data from S&P Cotality Case-Shiller).<\/p>\n

Instead, home prices accelerated 0.3% MoM (better than expected), lifting the annual appreciation to +1.63% YoY – the fastest annual price gain since July 2025…<\/p>\n

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\u201cMonthly price appreciation continues to reflect the seasonal strength often associated with the spring\u00a0homebuying season,\u201d<\/strong><\/em> Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indice observed.<\/p>\n

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\u201cOn a non-seasonally adjusted (NSA) basis, the National\u00a0Index rose 0.6% in May from April, while the 10-City and 20-City Composites each advanced 0.9%.”<\/em><\/p>\n<\/blockquote>\n

After adjusting for seasonality, the National Index declined 0.05% month over month, while the 10-City and 20-City Composites posted modest gains of 0.3% and 0.2%, respectively.<\/p>\n

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“The gap between the NSA and seasonally adjusted results underscores the extent to which seasonal factors are supporting headline price growth<\/strong>,” added Kaufman. <\/em><\/p>\n

“Even where prices increased on a seasonally adjusted basis, gains remained modest and were negative in real terms.<\/em><\/p>\n<\/blockquote>\n

The geographic dispersion of home price trends continues to persist.<\/p>\n

Kaufman noted that while major metropolitan areas in the Northeast and Midwest recorded year-over-year gains exceeding the\u00a0national average, many metropolitan areas in the West and Sunbelt regions remain under pressure.<\/p>\n

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\u201cFor the third consecutive month, Chicago led all metros with a 6.9% annual increase in May<\/strong>, followed by New York (4.2%) and Cleveland (3.1%). <\/em><\/p>\n

In contrast, Las Vegas posted the largest decline,<\/strong> falling 1.9% year over year, with Seattle (-1.8%), Denver (-1.8%), and Tampa (-1.6%) also registering notable losses.”<\/em><\/p>\n<\/blockquote>\n

Given the lag in Case-Shiller data, mortgage rates could argue that prices should be starting to rise here…<\/p>\n

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\u201cAffordability remains a significant headwind for the housing market,\u201d<\/strong><\/em> Kaufman concluded.<\/p>\n

\u201cThirty-year\u00a0mortgage rates increased to 6.5% in May, leaving the ultra-low 3% borrowing costs a distant memory. At the same time, stubbornly high inflation rates are keeping both the cost of home financing and the cost of living high for prospective buyers.<\/em><\/p>\n

\u201cAgainst this backdrop, housing demand remains constrained, elevated borrowing costs continue to discourage potential homebuyers, and housing values decline in real terms for existing homeowners.\u201d<\/em><\/strong><\/p>\n

But the oddly tight coupling with Fed Reserves suggests the path is lower…<\/p>\n

\"\"<\/a><\/p>\n

Interestingly, for the 12th consecutive month, inflation outpaced national home price appreciation<\/strong>, with CPI running well above the 1.6% annual gain, extending the streak of negative real home price returns<\/strong>.<\/p>\n

\"\"<\/a><\/p>\n

Is this Trump’s ‘affordability’ plan kicking in? Or just lagged rates finally impacting reality.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nTue, 07\/28\/2026 – 09:13<\/span><\/p>","protected":false},"excerpt":{"rendered":"

US Home Prices Unexpectedly Jumped In May; Chicago Leading, Vegas Lagging Having declined for three straight months, US home prices in America’s 20 largest cities was expected to rise very marginally (+0.1% MoM) in May (according to the latest data from S&P Cotality Case-Shiller). Instead, home prices accelerated 0.3% MoM (better than expected), lifting the… Continue reading US Home Prices Unexpectedly Jumped In May; Chicago Leading, Vegas Lagging<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":642678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[18,19,10,21,12,11,9],"tags":[],"class_list":["post-642686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cancel-culture","category-censorship","category-civil-liberties","category-election-integrity","category-equal-justice","category-free-speech","category-religious-freedom","entry"],"_links":{"self":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/642686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=642686"}],"version-history":[{"count":0,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/642686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/media\/642678"}],"wp:attachment":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=642686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=642686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=642686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}