{"id":103788,"date":"2025-07-30T03:42:12","date_gmt":"2025-07-30T03:42:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/103788\/"},"modified":"2025-07-30T03:42:12","modified_gmt":"2025-07-30T03:42:12","slug":"case-shiller-chicago-home-price-growth-rises-in-may-as-national-market-undergoes-slow-unwind","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/103788\/","title":{"rendered":"Case-Shiller: Chicago home-price growth rises in May as national market undergoes &#8216;slow unwind&#8217;"},"content":{"rendered":"<p>The pace of <a href=\"https:\/\/atlantaagentmagazine.com\/?s=home-price+growth\" rel=\"nofollow noopener\" target=\"_blank\">U.S. home-price growth<\/a> fell for the fourth month in a row in May, dipping to its slowest rate since July 2023 as markets continued \u201cthe slow unwind\u201d of pandemic-era appreciation, S&amp;P Dow Jones Indices said.\u00a0<\/p>\n<p>Specifically, the <a href=\"https:\/\/dfwagentmagazine.com\/?s=case-shiller\" rel=\"nofollow noopener\" target=\"_blank\">S&amp;P CoreLogic Case-Shiller U.S. National Home Price Index<\/a> rose 2.3% year over year, down from the 2.7% annual gain measured in April. Month over month, the index rose 0.4%.\u00a0<\/p>\n<p>The 10-city composite index rose 3.4% year over year, down from a 4.1% increase in April, while the 20-city composite rose 2.8%, down from 3.4% in April.\u00a0\u00a0\u00a0<\/p>\n<p>\u201cSeasonal momentum is proving weaker than usual, and the slowdown is now more than just a story of higher mortgage rates,\u201d\u00a0said Nicholas Godec, head of fixed income tradables and commodities at S&amp;P Dow Jones Indices.\u00a0\u201cIt reflects a market recalibrating around tighter financial conditions, subdued transaction volumes and increasingly local dynamics. With affordability still stretched and inventory constrained, national home prices are holding steady, but barely.\u201d\u00a0<\/p>\n<p>In Chicago, home prices rose 6.1% year over year in May, up from a 6% gain in April.\u00a0<\/p>\n<p>\u201cPersistently high mortgage rates and economic uncertainty led to a 2025 homebuying season defined by low activity,\u201d Cotality Chief Economist Selma Hepp\u00a0said. \u201cPotential buyers seem weighted down by concerns around financial stability, policy uncertainty and job security.\u00a0<\/p>\n<p>\u201cDespite inventory increases that tilted many markets in favor of buyers, dampened homebuying demand resulted in overall weak sales activity. Similarly, there are muted sales expectations for the rest of the year.\u201d\u00a0 \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The pace of U.S. home-price growth fell for the fourth month in a row in May, dipping to&hellip;\n","protected":false},"author":3,"featured_media":103789,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5124],"tags":[67068,960,67069,13811,5386,1818,67070,67071,17506,67072],"class_list":{"0":"post-103788","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chicago","8":"tag-case-shiller-u-s-national-home-price-index","9":"tag-chicago","10":"tag-corelogic-home-price-index","11":"tag-home-prices","12":"tag-il","13":"tag-illinois","14":"tag-nicholas-godec","15":"tag-sp-corelogic-case-shiller-u-s-national-home-price-index","16":"tag-sc","17":"tag-selma-hepp"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114940119867597425","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/103788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=103788"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/103788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/103789"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=103788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=103788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=103788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}