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

The S&P CoreLogic Case-Shiller U.S. National Home Price index showed a 0.8% y/y gain in April 2026 (up from 0.7% in March). However, for the 11th straight month, home values declined in real terms as April’s 3.8% inflation ran roughly 3 percentage points above the nominal increase. Overall, the data points to cooling purchasing power for homeowners despite modest nominal price growth.

Analysis

The S&P CoreLogic Case-Shiller U.S. National Home Price index showed a 0.8% y/y gain in April 2026 (up from 0.7% in March). However, for the 11th straight month, home values declined in real terms as April’s 3.8% inflation ran roughly 3 percentage points above the nominal increase. Overall, the data points to cooling purchasing power for homeowners despite modest nominal price growth.