Home›Real Estate›Residential›Home prices rose 2.1% in June as mortgage rates stabil…

Home prices rose 2.1% in June as mortgage rates stabilized near 6.5%

The S&P CoreLogic Case-Shiller 20-city index climbed 2.1% year over year in June, while 30-year mortgage rates held near 6.5%, keeping the market constrained.

Thursday, August 27, 2026 · Written up by our desk · Residential

Home prices increased again in June despite persistent pressure from elevated borrowing costs, with mortgage rates stabilizing during a typical peak period for buying and selling. Yahoo Finance reported that the S&P CoreLogic Case-Shiller 20-City Composite Home Price Index rose 2.1% in June from a year earlier, based on data released Tuesday.

S&P Dow Jones Indices said the pace of real price erosion slowed in June as inflation cooled and nominal home price growth firmed. Rebecca Kaufman, associate director of commodities at S&P Dow Jones Indices, said home prices continue to decline in real terms, and pointed to improved nominal growth as a reason the erosion moderated.

Mortgage rates were steady at around 6.5% in June, a level high enough to keep many prospective buyers and sellers on the sidelines. Kaufman added that financing costs remain high for prospective buyers, making current homeowners reluctant to give up lower mortgage rates they locked in previously.

Among major cities, Chicago posted the fastest growth, with prices up 6.9% in June from a year earlier. New York and Cleveland followed with year over year gains of 4.8% and 4.1%, respectively, according to the report.

Latest closeDow Jones 53,463.88 ▼0.2%

More like this

Sources