Note. August 2023 data is the latest available from Case-Shiller as I write this on October 31, 2023. The data is a 3-month moving average so what they call August is really the June-August average.

See all my Case-Shiller graphs.

Based on Case-Shiller and other data, the national Real Mortgage Payment Price is now;

  • 19% higher than at the 2005 peak, and
  • 60% higher than in January 2020.

You can check the numbers for 17 individual metros, here.

Since the spring, Seattle house prices have rebounded the most and Chicago the least, year-over-year. But Chicago house prices didn’t fall like in Seattle.

Seasonality shows monthly price increases are very likely to continue slowing down for a few months.

In January 2021, you could borrow $248,000 with a $1,000 monthly principal and interest payment. Today, you can only borrow $139,000 with that same monthly P&I payment.

You can find interactive versions of the charts here.