Talking Points …
- The S&P/Case-Shiller Home Price Index, covering the entire nation, rose 4.5 percent in the 12 months ended in June, slightly greater than a 4.4 percent increase in May.
- The 10-city index saw a slightly lower gain of 4.6 percent from a year earlier, compared with a 4.7 percent increase in May. The 20-city index gained 5 percent year-over-year, compared with a 4.9 percent increase in May.
- Month-over-month home price gains were modest, according to the report. Not seasonally adjusted, the U.S. Index rose 1 percent from May to June.