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The S&P CoreLogic Case-Shiller National Home Price Index showed home prices rose 0.2% in February - the first monthly price increase in the past seven months, as the tight inventory of homes has apparently helped to firm up home prices.
Through December, U.S. single-family home prices as measured by the seasonally adjusted Case-Shiller National Home Price Index (see chart above) are down 2.7% from their June 2022 peak.
While national home prices have fallen a bit—down 2.2% from June 2022 according to the seasonally adjusted Case-Shiller National Home Price Index—they aren't crashing broadly.
Will the December Case-Shiller U.S. National Home Price Index prove the latest housing market crash catalyst?
Source: https://investorplace.com/2023/02/housing-market-crash-alert-mark-your-calendars-for-feb-28/