Home prices up, even with high interest rates!!

🏠 U.S. home prices hit record highs in June! Despite high mortgage rates, prices climbed 5.4% annually, continuing a trend of growth albeit at a slower rate than before.

The S&P CoreLogic Case-Shiller index shows a rise to 325.23 in June, marking this peak. Key cities like New York, San Diego, and Las Vegas saw significant gains, while Portland lagged.

📉 Although prices surged, this growth rate is the lowest since November 2023. Experts predict a seasonal slowdown in the fall, but a major price drop isn't expected. Inventory increases might balance the market, easing price pressures.

What do you think this means for future buyers and sellers? 🤔

#HomePrices #HousingMarket #RealEstate #MortgageRates #CaseShiller #HomeBuying #RealEstateTrends #HousingEconomy #SellersMarket #FallMarket #HousingPredictions #MarketTrends #Economy #Property