Note. September 2022 data is the latest available from Case-Shiller as I write this on November 30, 2022. The data is a 3-month moving average so what they call September is really the July-September average.

See all my Case-Shiller graphs.

Real, inflation-adjusted house prices are DOWN from a year earlier in;

  • San Francisco -6%
  • Seattle -3%
  • Minneapolis -2%
  • Washington DC -2%
  • Portland -2%

Real, inflation-adjusted house prices are the SAME as a year earlier in;

  • Los Angeles
  • Boston
  • Denver
  • San Diego

ZERO upward momentum in house prices in any of the 20 cities covered by Case-Shiller. The upward price momentum brakes were slammed on in Phoenix harder than in any other city.

Prices falling more steeply than in 2006 after increasing more steeply than in the years before 2006.

Zoom into recent years.

With a $1,000 per month mortgage principal and interest payment you can only borrow about $80,000 less than last year at this time.

Interesting Factoid.

The Real Mortgage Payment Price in Chicago and Cleveland are lower now than in 1990.

Note. You can find interactive versions of these charts here.