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Zillow Research

Case-Shiller Forecast

July Case-Shiller Forecast: July’s Growth will be Slightly Slower than June

After several consecutive months of steady growth, the U.S. National Case-Shiller home price index is within striking distance of reaching its July 2006 peak levels, according to today’s June Case-Shiller data. According to Zillow’s July Case-Shiller forecast, the national index and both smaller 10 and 20-city indices look set to keep growing at a very similar rate, if ever-so-slightly slower, compared to the past few months.

June Case-Shiller Forecast: Expect a Third Straight Monthly Decline in 10- and 20-City Indices

May Case-Shiller data showed modestly slower growth largely in line with expectations, with seasonally adjusted home prices falling for two months in a row on the 10- and 20-city indices – a rare occurrence since the recovery began in earnest. Looking ahead, Zillow’s June Case-Shiller forecast calls for more of the same, with seasonally adjusted prices in the 10- and 20-city indices set to fall for a third straight month, while annual growth stays largely flat.