---
title: "US Home Prices Are Rising At Their Fastest Pace In A Year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296920319.md"
description: "US home prices in the 20 largest cities accelerated by 0.24% month-over-month in June, marking a year-high annual growth rate of 2.1%. Chicago led with a 6.9% yearly increase, while Seattle saw a 2.0% decline. S&P Dow Jones Indices attributes this to seasonal factors and a geographic divide where Northeast and Midwest markets strengthen as Western markets soften. High mortgage rates near 6.5% continue to pressure the market."
datetime: "2026-08-25T13:11:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296920319.md)
  - [en](https://longbridge.com/en/news/296920319.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296920319.md)
generator: "portal-rs"
---

# 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 yea**r...

***“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 homebuying season, price appreciation often moderates and market activity cools in the months ahead."*

**For the fourth consecutive month, Chicago led all metros with a 6.9% annual increase in June**, followed by New York (4.8%) and Cleveland (4.1%).

Meanwhile, Seattle recorded the largest annual decline at 2.0%, followed by Las Vegas (-1.9%) and Denver (-1.2%).

"This geographic divide **reflects a years-long trend, with housing markets in the Northeast and Midwest regaining strength while many Western and Sunbelt markets soften**," says Kaufman.

Prices remain oddly coupled with Fed Reserves, implying stability, rather than acceleration, from here...

**“The housing market remains under pressure, with 30-year mortgage rates holding near 6.5% in June,”** Kaufman concluded.

“As financing costs are kept high for prospective buyers, current homeowners remain reluctant to give up the low mortgage rates secured in prior years.”

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## Related News & Research

- [Home prices flatline in April on adjusted basis: S&P Cotality Case-Shiller HPI](https://longbridge.com/en/news/291290402.md)
- [New US single-family home sales slide in July](https://longbridge.com/en/news/296935891.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**