"This is the lowest rate of home price appreciation since November 2023, but it is still remarkable given the fact that home prices are at record highs and, in June, mortgage rates were still around 7%."
"The upward pressure on home prices is making this the most unaffordable housing market in history. First-time and moderate-income home buyers, in particular, increasingly are being left out of the housing market."
"We expect the rate of home price growth to slow somewhat further. Even though the number of homes on the market for sale trails 2017 to 2019 levels by 30%, the number of home sales has remained quite low."
"Case-Schiller's composite indices of home prices in the 10- and 20-largest U.S. cities also hit record highs for June, which is typically the seasonal peak of the year."
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