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| Past Developments: [[Housing Market: US#Price Developments|Housing Market: US]] | | Past Developments: [[Housing Market: US#Price Developments|Housing Market: US]] |
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| Home prices have started to decline since July 2022<ref>https://tradingeconomics.com/united-states/case-shiller-home-price-index-mom</ref>, but due to the lagging shelter CPI data, this will start to be reflected in CPI until the second half of 2023.
| | Important to consider that shelter CPI has a big lag (6-12 months) between current market prices and the correspondent reflection in CPI. |
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| | * The S&P CoreLogic Case-Shiller 20-city home price index in the US increased 1.7% month-over-month in April of 2023, marking a third consecutive month of rising prices, a sign the housing market continued to strengthen. <ref name=":33">https://tradingeconomics.com/united-states/case-shiller-home-price-index-mom</ref> |
| | * The S&P CoreLogic Case-Shiller 20-city home price index in the US fell 1.7% yoy in April 2023, the biggest decline since April 2012, and compared to forecasts of a 2.6% drop. |
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| Steep competition in the housing market and low supply are heating up home prices again. Before seasonal adjustment, prices rose in all 20 cities in March (versus in 12 in February), and in all 20 price gains accelerated between February and March.<ref>https://www.cnbc.com/2023/05/30/home-price-declines-may-be-over-sp-case-shiller-says.html</ref>
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| *The non-seasonally adjusted S&P CoreLogic Case-Shiller home price index in the United States increased 1.5% month-over-month in March of 2023, the most since May of 2022, and following an upwardly revised 0.3% rise in February.<ref name=":3">https://tradingeconomics.com/united-states/case-shiller-home-price-index-mom</ref>
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| *The S&P CoreLogic Case-Shiller home price index in the US fell 1.1% yoy in March 2023, the first decline since May 2012, and compared to forecasts of a 1.6% drop.<ref name=":4">https://tradingeconomics.com/united-states/case-shiller-home-price-index-yoy</ref>
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| === 5. Food Prices === | | === 5. Food Prices === |
| Past Developments: [[Food Market]] | | Past Developments: [[Food Market]] |
