Case-Shiller / FHFA House Prices (Jul.)

The gradual slowdown in house price growth seen over the past year came to a halt in July. Case-Shiller reported annual growth was unchanged at 3.2%, and the FHFA recorded a slight acceleration to 5.0%. Lower mortgage interest rates and tight inventory levels are supporting home values, and we expect annual growth to stay close to 3% over the remainder of the year.

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