30.12.202514:08:12UTC+00US Home Price Growth Slows Further in October

The Case-Shiller 20-City Home Price Index experienced a 1.3% year-over-year increase in October 2025, slightly down from a 1.4% rise in September and exceeding market expectations, which anticipated a 1.1% increase. This marks the most modest annual growth since July 2023, indicating a deceleration in the US housing market. Home price gains are lagging behind consumer inflation, with the October Consumer Price Index estimated at approximately 3.1%, suggesting a slight real-term decline in home values over the past year. Regionally, a significant geographic shift is evident. Chicago now tops the major markets with a 5.8% yearly increase, followed by New York at 5.0% and Cleveland at 4.1%. Conversely, Tampa experienced the most substantial decline at 4.2%, marking its 12th consecutive month of falling annual prices. Other former pandemic-fueled markets, particularly in the Sun Belt region, are undergoing notable declines, led by Phoenix (-1.5%), Dallas (-1.5%), and Miami (-1.1%).