US Home Prices Are Rising At Their Fastest Pace In A Year
ZeroHedge·
- US home prices in the 20 largest cities accelerated by 0.24% month-over-month in June, pushing the annual increase to 2.1%.
- Chicago led with a 6.9% annual increase, while Seattle recorded the largest decline at 2.0%.
- High financing costs and a 30-year mortgage rate near 6.5% continue to pressure the housing market and deter prospective buyers.
