US Home Prices Post Smallest Gain in More Than 2 Years: Case-Shiller

Home price gains in August were smaller than July’s 1.6 percent increase and well short of market expectations of 1.9 percent.

A "For Sale" sign in front of a new home in a housing development as a maintenance worker sweeps the street in Fairfax, Virginia, on Aug. 22, 2023. Andrew Caballero-Reynolds/AFP via Getty Images

National housing prices rose 1.5 percent year over year in August, marking the smallest annual increase since 2023 and falling short of market expectations for a 1.9 percent gain, a new report from S&P Dow Jones Indices shows.

The Oct. 28 S&P Case-Shiller Indices report also shows that home price gains in August were smaller than the 1.6 percent increase in July and lagged the 3 percent inflation rate.