Home prices rose by a modest 1.9 percent in June from a year earlier, reporting the slowest pace of growth since the summer of 2023, according to the latest S&P Cotality Case-Shiller Index, released on Tuesday.

This small increase, down by the 2.3 percent year-over-year price hike reported in May, marks "the continuation of a decisive shift in the housing market," Nicholas Godec, head of fixed income tradables & commodities at S&P Dow Jones Indices, said in a statement shared with Newsweek .

"While this represents a loss of the extraordinary gains homeowners enjoyed from 2020-2022, it may signal a healthier long-term trajectory where housing appreciation aligns more closely with broader economic fundamentals rather than speculative excess," he said.

Why Has the Pace of Home Price Gr

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