Overview

• Home prices across the US rose 5.4% annually, reaching a new peak in June.
• New York experienced the highest increase with a 9% rise in home prices.
• San Diego and Las Vegas followed closely with annual increases of 8.7% and 8.5%, respectively.
• Despite high prices, the Federal Reserve may cut mortgage rates soon, potentially boosting buyer interest.
• Construction and sales volumes have slowed, but some improvement was seen in July.