The S&P CoreLogic Case-Shiller Home Price Index showed national home prices rising 1.5% year over year in June, with gains accelerating for the fourth month. The 10-City and 20-City Composites also increased. Regional trends vary, with Chicago leading gains and Seattle showing declines. Despite nominal growth, home values fell in real terms due to inflation. Rising mortgage rates and high financing costs may challenge future price growth, especially in supply-heavy markets.
Continue to full article
Leave a Reply