美国重要房价指数连续三个月下跌 创2022年以来最大跌幅

Core Insights - The S&P CoreLogic Case-Shiller index reported a decline in U.S. home prices for the third consecutive month as of May, with a month-over-month decrease of 0.34%, matching April's decline and marking the largest single-month drop since December 2022 [1] - Year-over-year home price growth has slowed to 2.79%, the lowest level since August 2023, indicating a significant cooling in the housing market [1] - The overall national home price increase of only 2.3% compared to the previous year is the smallest since July 2023, with most of the gains concentrated in the last six months [3] Market Trends - Cities such as Denver, San Francisco, Dallas, and Tampa have experienced year-over-year price declines, with Tampa seeing a drop of 2.4% [4] - The relationship between home prices and Federal Reserve bank reserves is noted to be highly correlated, suggesting that home prices may remain low in the coming months before potentially rebounding [5] - The housing market has faced its worst spring in 13 years, with the number of home sales contracts signed from April to June reaching the lowest level since 2012 [7] Economic Factors - Concerns over the economic outlook, exacerbated by Trump's tariff policies and fears of job displacement due to artificial intelligence, have led to increased caution among potential homebuyers, further suppressing demand [7][8] - Despite a slight decrease in mortgage rates and a stabilization in home prices, uncertainty in the financial markets has made buyers hesitant, resulting in low transaction activity even amid price reductions [7]