S&P Case-Shiller: US home prices rise 0.8% in April, lag inflation

S&P Global, Inc.

S&P Global, Inc.

SPGI

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  • S&P Global’s Case-Shiller National Home Price NSA Index rose 0.8% year-on-year in April 2026, versus 0.7% in March.
  • Home values fell in real terms for an 11th straight month as April inflation of 3.8% outpaced nominal price growth.
  • Regional divergence widened; Chicago led the 20-city index at +6.52% YoY while Seattle lagged at -2.26% YoY.
  • Seasonal spring gains masked softness; the national index slipped 0.15% month-on-month on a seasonally adjusted basis.
  • Mortgage rates climbed back to 6.3% in April, keeping affordability tight and limiting price momentum.


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