Home Prices

According to data from Cotality, the American housing market strolled into the spring season. Annual national home price growth slipped to 0.66% in March, cooling from the 0.75% pace recorded in February. Major metropolitan areas continue to lift up the rest of the country, with the 10-City Index remaining stronger than the national composite.

Intercontinental Exchange, Inc. (NYSE: ICE) released its May 2026 ICE Mortgage Monitor report. The analysis found that U.S. home prices rose 0.32% in April on a seasonally adjusted basis — the strongest single-month gain in nearly two years.

The U.S. housing market is finding a new equilibrium dominated by slower home price growth. The rapid appreciation of years past has faded, and the market tapped the brakes again in February 2026. National annual home price growth edged down to 0.7%; another small step back from the 0.8% pace seen in January.

Veros Real Estate Solutions (Veros), a provider of enterprise risk management and collateral valuation services, released its Q1 2026 VeroFORECAST. The forecast projects an average-nationwide home price appreciation rate of 1.3% over the next 12 months.

The 2025 housing market ended with the weakest annual appreciation since the market bottomed out in 2011 following the Great Recession. Buyers and sellers remain at an impasse, as potential homebuyers are unable or unwilling to meet the current listing prices.  Annual growth remained steady at 1.3% in December (Figure 1), according to the S&P Cotality Case‑Shiller Index.

The housing market remained in hibernation in November. With buyers unable to meet sellers’ expectations, most participants are opting to wait until spring. Annual growth remained flat at 1.4% in November, according to the S&P Cotality Case-Shiller Index.

The housing market stayed cool in October, with price growth flattening out as sellers held listings off the market in hopes of securing higher prices in the spring. Annual growth held steady at 1.4% in October, according to the S&P Cotality Case-Shiller Index.

The arrival of fall brought pumpkin-spice lattes, brisk weather, and cooler home prices. Annual growth slowed according to the S&P

The U.S. housing market is a mixed picture. Inventory this month rose to the highest level since 2019. Prices are softening. New listings are lagging. And regional market differences are stark.

August marks the changing of the seasons, and as summer began to fade into fall, home price growth continued to cool.