Home prices gain ground, but real value erosion drags on
The East North Central division led at 4.5%; the Pacific division barely cleared flat, appreciating just above 0.0%.
Rate lock keeps the market on hold
The Case-Shiller 20-City Composite posted a 2.1% year-over-year gain for June, matching the FHFA’s national reading.
Chicago extended its run at the top for the fourth consecutive month with a 6.9% gain, followed by New York at 4.8% and Cleveland at 4.1%.
Seattle fell 2.0%, the steepest annual decline among tracked cities, while Las Vegas dropped 1.9% and Denver declined 1.2%.
“This geographic divide reflects a years-long trend, with housing markets in the Northeast and Midwest regaining strength while many Western and Sunbelt markets soften,” Kaufman noted.
