KEY POINTS
  • The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 3.2% annually in July, the same gain reported in June. Prices are still cooling in the largest cities, however.
  • The 10-City Composite rose 1.6% annually, down from 1.9% in the previous month. The 20-City Composite posted a 2% annual gain, down from 2.2% in June.
  • Seattle was the only city to show an annual price decline, down 0.6%. San Francisco, Los Angeles and New York were barely in the positive.
Real estate agents arrive at a brokers tour showing a house for sale in San Rafael, California.

Home price gains have been shrinking since March 2018, but now signs point to reheating in the housing market.

The much-watched S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 3.2% annually in July, the same gain reported in June. Prices are still cooling in the largest cities, however. The 10-City Composite rose 1.6% annually, down from 1.9% in the previous month. The 20-City Composite posted a 2.0% annual gain, down from 2.2% in June.