Key facts
- The S&P CoreLogic Case-Shiller National Home Price Index rose 0.8% year-over-year in April.
- This is a slight increase from March's 0.7% gain.
- Inflation in April was 3.8%.
- Home values have declined in real terms for 11 consecutive months.
- The data covers the U.S. national home price index.
In April, the U.S. housing market experienced a year-over-year home price increase of 0.8%, as indicated by the S&P CoreLogic Case-Shiller National Home Price Index. This represents a slight acceleration from the 0.7% gain recorded in March. However, when adjusted for inflation, which stood at 3.8% in April, home values have actually decreased in real terms. This marks the eleventh consecutive month that homeowners have seen the real value of their properties decline. The data suggests a continued trend of nominal price appreciation failing to outpace inflation, leading to a persistent erosion of housing wealth in inflation-adjusted terms.