July 2024 Forecast: Home Price Growth Continues to Slow
Sources: S&P Global (actual); RE Metrics, LLC (forecast)

July 2024 Forecast: Home Price Growth Continues to Slow

Matt Anderson Matt Anderson

Matt Anderson

发布日期: 2024年9月23日
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Home price growth has been slowing across the top metro areas, with the result that RE Metrics’ estimate for July home prices (US 10-City Index) is a slightly positive 0.2%, down from the 0.6% monthly increase in June. According to RE Metrics’ model, July prices will have declined by 0.6% in San Francisco and by 0.1% in Denver and Boston. The strongest growth rates are in in Las Vegas (+0.6%), Chicago (+0.6%) and New York (+0.3%).

All 10 metros in the 10-City Index have experienced declines in the rate of growth. The largest month-to-month changes occurred in Boston (-0.8%), Miami (-0.7%) and San Francisco (-0.6%). Over the last three months, the most slowing occurred in San Francisco (-2.5%), Boston (-2.4%) and Denver (-1.5%).

(Note: July results for the S&P CoreLogic Case-Shiller Home Price Indices are due to be published on September 24th.)

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