S&P Cotality Case-Shiller Index Reports Annual Gain in August 2026

Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices

“U.S. home prices declined in real terms for the 15th consecutive month in August 2026, though the gap narrowed as nominal home price growth strengthened”

Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices

“The S&P CoreLogic Case-Shiller National Home Price Index rose 2.1% year-over-year in August, up from 1.9% in July, while consumer prices increased 3.4% (the same year over year gain as in July 2026).”

Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices

“Chicago led all metros for the sixth consecutive month, posting a 6.7% annual gain, followed by New York (6.2%) and Cleveland (4.3%). On the West coast, Seattle recorded the largest annual decline for the third consecutive month at 2.0%, followed by Las Vegas (-1.3%) and Denver (-0.8%).”

Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices

“Seasonality continued to weigh on headline monthly results. On a non-seasonally adjusted basis, the U.S. National and 10-City Composite Indices fell 0.2% and 0.4%, respectively, while their seasonally adjusted counterparts rose 0.3% and 0.4%. The divergence suggests that the typical post-summer slowdown is obscuring some underlying strength in home prices.”

Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices

“Affordability, however, remains challenging. With inflation at 3.4%, Brent crude near $100 per barrel and mortgage rates in the mid-to-high 6% range, households continue to face elevated costs alongside persistently high home prices.”