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U.S. home prices rise 1.9% year over year in July, S&P Case-Shiller

The Case-Shiller 10-City index rose 3.4% annually, while Seattle posted its second straight monthly annual decline, down 1.6%.

Reported · Written up by our desk · Residential

U.S. home prices rose 1.9% year over year in July, according to the latest S&P CoreLogic Case-Shiller data cited by HousingWire, up from a 1.6% annual increase in June.

Among the tracked metros, Chicago led with prices up 6.9% annually in July, followed by New York at 5.8% and Cleveland at 4.2%, while Seattle fell 1.6% for the second consecutive month, and Las Vegas declined 1.3%.

Real prices also declined for the 14th consecutive month, HousingWire reported, with the outlet pointing to energy driven inflation weighing on affordability.

The broader composites also moved higher, with the Case-Shiller 10-City Composite increasing 3.4% year over year in July, and the 20-City Composite rising 2.5%.

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