FX.co ★ US Home Price Momentum Cools: S&P/Case-Shiller 20-City Index Slows to 0.2% in January

The latest S&P/Case-Shiller 20-City Home Price Index (seasonally adjusted) shows a further loss of momentum in US housing prices at the start of 2026. Month-over-month growth eased to 0.2% in January 2026, down from a 0.5% increase recorded in December 2025.

On a month-over-month basis, the data indicate that while prices in major metropolitan markets are still edging higher, the pace of appreciation continues to moderate. The comparison framework shows January’s 0.2% advance versus December’s 0.5% gain, which itself was measured against November 2025, underscoring a clear deceleration in short-term price dynamics.

The figures, updated as of 31 March 2026, suggest that the once-rapid climb in urban home prices is giving way to a more subdued and potentially more sustainable trajectory as the housing market adjusts to evolving economic and financial conditions.