S&P Cotality Case-Shiller Says Home Prices are Slowing

“Be fearful when others are greedy and greedy when others are fearful.” — Warren Buffett

The latest S&P Cotality Case-Shiller U.S. National Home Price NSA Index has reported a 1.5% annual increase for August 2025. Their 10-City Composite posted a 1.8% increase year-over-year, and their 20-City Composite posted a 2.3% year-over-year increase. They say U.S. home prices are continuing to slow:

“Mortgage rates remaining above 6.5% continue to weigh on buyer demand, even during what should be the busy summer season. The combination of high financing costs and prices that remain near record highs has limited transaction activity. Markets that experienced the sharpest pandemic-era gains are now seeing the largest corrections, while more affordable metros with stable local economies are holding up better.” Said Nicholas Godec, CFA, CAIA, CIPM, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices.