US CoreLogic S&P Case-Shiller Index Annual Growth Moves Higher in September, Up by 3.9%
November 28, 2023
The index posted its third consecutive month of annual increases in September.
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Selma Hepp is the Chief Economist for CoreLogic, America’s largest provider of advanced property and ownership information, analytics and data-enabled services. Selma leads the economics team, which is responsible for analyzing, interpreting and forecasting housing and economic trends in real estate, mortgage and insurance.
Prior to joining CoreLogic in 2020, Selma was Chief Economist and Vice President of Business Intelligence for Pacific Union International, later acquired by Compass, where she oversaw the vital economic and technology intelligence to drive the expanding brokerage’s success. Selma also held the role of Chief Economist for Trulia; Senior Economist for the California Association of Realtors; and Economist and Manager for Public Policy and Homeownership research for the National Association of Realtors, as well as a special research assistant at the U.S. Department of Housing and Urban Development.
Selma frequently appears on local and national radio and television programs and has been widely quoted in The Wall Street Journal, The New York Times and many industry trade publications such as National Mortgage News and HousingWire. Selma received the HousingWire Women of Influence Award in 2022. She has served as president of the Los Angeles chapter of the National Association for Business Economics (NABE), NABE Real Estate Roundtable co-chair, Board member of the International Student Exchange Program, Advisory Board member of the REALTOR® University Research Center Editorial Review and a Member of the Housing Policy Debate Editorial Advisory Board. Selma held a Real Estate Associate professional license in Florida and Virginia.
Selma graduated from the State University of New York, Buffalo with an M.A. in Economics and holds a Ph.D. from the University of Maryland.
The index posted its third consecutive month of annual increases in September.
U.S. home prices rose from one year ago, but mortgage rate movements will play a role going forward.
The index has now registered a 6% cumulative gain since the beginning of 2023.
Midwestern metro areas such as Cleveland and Chicago are now the hottest housing markets, while Mountain-West pandemic boomtowns like Denver and Phoenix are now among the coolest.
The US CoreLogic S&P Case-Shiller Index posted another small annual decline in May.
The US CoreLogic S&P Case-Shiller Index saw its first year-over-year decline in more than a decade in April.