Home prices rose again in June as mortgage rates stabilized during the typical peak period for buying and selling.
The S&P Cotality Case-Shiller 20-City Composite Home Price Index, which measures home prices in 20 of the nation's largest metropolitan areas, increased 2.1% in June from a year earlier, according to data released Tuesday.
The national index, which includes more metro areas, jumped 1.5%.
"While home prices continue to decline in real terms, lower inflation and firmer nominal home price growth in June helped slow that pace of erosion," Rebecca Kaufman, ***** ociate director of commodities at S&P Dow Jones Indices, said in a statement.
Mortgage rates held steady around 6.5% in June, a level high enough to sideline many prospective buyers and sellers. But those who remained in the market enjoyed a period of stability after rates rose rapidly in the spring.
#home #areas
The S&P Cotality Case-Shiller 20-City Composite Home Price Index, which measures home prices in 20 of the nation's largest metropolitan areas, increased 2.1% in June from a year earlier, according to data released Tuesday.
The national index, which includes more metro areas, jumped 1.5%.
"While home prices continue to decline in real terms, lower inflation and firmer nominal home price growth in June helped slow that pace of erosion," Rebecca Kaufman, ***** ociate director of commodities at S&P Dow Jones Indices, said in a statement.
Mortgage rates held steady around 6.5% in June, a level high enough to sideline many prospective buyers and sellers. But those who remained in the market enjoyed a period of stability after rates rose rapidly in the spring.
#home #areas
3 days ago
