US Home Prices Are Rising At Their Fastest Pace In A Year Following its unexpected rebound in May (from three months of declines), US home prices in America’s 20 largest cities were expected to rise again (+0.1% MOM) in June (according to the latest data from S&P Cotality Case-Shiller). Instead prices actually accelerated more, up a sizable 0.24% MoM, pulling home prices up 2.1% YoY – the fastest acceleration in a year… “Seasonal factors continue to support monthly price growth,” said Rebecca Kaufman, Associate Director of Commodities at S&P Dow Jones Indices. “Because June typically falls near the peak of the… — Continue at ZeroHedge News : Read More
