Dwelling Deceleration

The latest Case-Shiller National HPI showed a 19.1% Y-o-Y increase in home prices, down from 19.5% last month, and 19.8% the month before. The 19.1% reading remains the 4th highest ever. The latest Y-o-Y reading of the Federal Housing Finance Agency Purchase Only HPI was 17.4%, down from 17.8% last month, 18.5% the month before that, and 19.3% three months ago. Y-o-Y price appreciation remains very high but is decelerating.