Source: Mortgage News Daily —
It’s one of the perennial “yeah buts” of the two largest and most widely-cited home price indices: there data is always about 2 months old by the time it comes out. This is the nature of home price reporting. It doesn’t mean the data is bad or wrong–simply that it should be taken with a grain of salt given that interest rates and consumer sentiment took a decisive turn for the worse in both May and June.
So if you’ve had your salt, here’s the latest on home prices (in April) from both the FHFA and S&P Case-Shiller:
- FHFA Home Price Index
- +1.6% in April vs +1.6% in March
- +18.8% over 12 months in April vs +19.1% in March
- Case Shiller 20-City Price Index
- +1.8% in April vs +2.4% in March
- +21.2% over 12 months in April vs +21.1% in March
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