S&P Case-Shiller Home Price Index: Hits New Record High in July

Home prices continued to trend upwards in July as the benchmark 20-city index rose for a eighteenth consecutive month to a new all-time high. The S&P Case-Shiller Home Price Index revealed seasonally adjusted home prices for the 20-city index saw a 0.3% increase month-over-month (MoM) and a 5.9% increase year-over-year (YoY). After adjusting for inflation, the MoM was reduced to -0.1% and the YoY was reduced to 0.5%.