Home prices grew at a weaker rate within two years star-news.press/wp

In June, home prices have grown at a rate of weaker since 2023, be less than the inflation rate, and a report – the latest sign of the inverted housing market.

The prices of national homes in June increased by only 1.9 % on an annual basis, according to S & P Cotality Case-Shiller Posted on Tuesday. This represents the slowest pace since the summer of 2023.

“For the first time in years, home prices fail to keep pace with the wider inflation,” Jodk said.

He added that the consumer price index grew by 2.7 % from June 2024 to June 2025, while the prices of national homes increased by 1.9 %, saying that the change is “historically important.”

This decrease reflects the “new balance” in the housing market, where the market adapts to the economy as consumers are still fighting high inflation, decrease in mortgage rates, high costs due to customs tariffs, and the weak labor market.

Since these factors, among other things, have pushed buyers away, the market has responded by reducing mortgage rates and slowing price growth. In July, current home sales in the United States grew by 2 % thanks to these changes, according to The National Association of Real Estate Judass.

The average price of the current house was $ 422,400 in July, an increase of 0.2 % over one year.

But even with these gains in July, the annual data from June 2025 to June 2024 shows a decrease.

After the seasonal amendment, the National Housing Prices Index decreased by 0.3 % in June, indicating that “the basic basic demand is still weak,” said Godec.

“Given the future, it seems that the maturity of this housing cycle is settling about the growth of inflation instead of the wealth building engine in recent years,” he added.

This transformation can be seen on the metro level as well.

Judik said that traditional industrial centers are witnessing better gains in housing prices than “former Darlings”, which were good during the epidemic – such as Tamba, Vinix and Dallas – because they provide more “sustainable basics” such as employment growth and the ability to withstand relative costs and demographic transformations.

He said: “While this represents a loss of the extraordinary gains enjoyed by homeowners from 2020-2022, it may refer to a long-term long-term path where housing is closely assessed with broader economic basics than speculative surplus.”

– His sleep contributed to this article.