Just out – today’s financial Biggie: Case Shiiller Housing.

Data through December 2025 reveals the following:

Year-Over-Year

The S&P Cotality Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions,reported a 1.3% annual gain in December, in line with the previous month.
The 10-City Composite annual increase came in at 1.9%, down from 2.0%the previous month. The 20-City Composite posted a 1.4% year-over-year gain, in line with the previous month.
Chicago, New York and Cleveland reported the highest year-over-year gains with year-over-year price increases of 5.3%, 5.1% and 4.0%, respectively.
Tampa posted the lowest return in December falling 2.9%.

Month-over-Month

The National Index saw a drop of0.3% month-over-month and both the 20-City Composite and the 10-City Composite decreased 0.1%before seasonal adjustment in December 2025.
After seasonal adjustment, the National Index posted a 0.4% increase while the 20-City and 10-City Composites posted increases of 0.5%.
Historical

Measured from its June2022 peak, the 10-City Composite is up 8.15%.
The 20-City Composite is up by 5.70%.
The National Index is up 6.29% from its June 2022 peak.

Sort of sounds like more than offishul inflation, to us… but we just sit lookin at picture:

For now it looks solid but how does the market like it?

Dow futures were up 163 and the Nasdaq popped 121 – so maybe the micro-bounce will get legs.

People like me will be asking “So is this a small Elliott 2 up of the first Elliott Big 1 down? and then we head into Wave 3 of 3 of 1 down in the larger scale?”

More on Peoplenomics.com tomorrow in the ChartPack.

~ure