Domicile Decline

As recently as four months ago, the March Case-Shiller National Home Price Index (which is an average for the three months ending in March) showed M-o-M price appreciation of 2.1%. In April, the appreciation rate declined to 1.7%, in May it declined to 1.25%, and the latest reading, for June fell to 0.33%, the smallest rise since 6/20. The FHFA index for June was up a scant 0.1%.