Skip to main content

Case-Shiller/FHFA House Prices (Jun.)

House price growth hit the buffers in June, with Case-Shiller and FHFA reporting a sharp slowdown in month-on-month gains. Higher mortgage interest rates have stretched affordability and cut housing demand, shifting market power away from sellers. With mortgage rates on the rise again, it won’t be long before prices start falling. We expect annual growth to fall to around -5% y/y by the middle of next year.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access