S&P Cotality Case-Shiller Index Reports 0.8% Annual Gain in April 2026

Macro
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Summary · why it matters

The S&P Cotality Case-Shiller U.S. National Home Price NSA Index posted a 0.8% annual gain in April 2026, up from 0.7% in March. For the 11th consecutive month, home values fell in real terms as April's 3.8% inflation outpaced the price gain. Chicago led with a 6.5% year-over-year increase, while Seattle was the weakest market with a 2.3% decline, highlighting a nearly 9 percentage-point regional divergence. On a seasonally adjusted basis, the National Index dipped 0.1% month-over-month, and the 20-City Composite was essentially flat. Mortgage rates climbed back to 6.3% in April, keeping affordability constrained.

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