Spanning June to July, U.S. home prices rose by only 0.2 percent, breaking a five-month streak where 1.1 to 1.3 percent gains occurred. July’s month-over-month increase falls short of what is typically expected for the end of the summer homebuying season.
- Home price growth slowed earlier than expected during the summer.
- A number of markets are still seeing above-average appreciation on a year-over-year basis.
- It appears the last markets to recover -- ones in the Midwest, along with Las Vegas and Southern California's Inland Empire -- have done so.
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