US home prices are nearly back to all-time highs reached last summer

Tue, 08/29/2023 - 12:31

A row of suburban homes in Northern California — Some of the most active homebuyers during the COVID-19 pandemic are now pumping the brakes on purchases.
Jaskaran Kooner/Getty Images

The Case-Shiller US National Composite Home Price Index showed home prices climbed for the fifth straight month in June.
The index is just 0.02% below its all-time high reached last summer.
On an annual basis, June's biggest price gains came in Chicago, Cleveland, and New York.

US home prices have climbed for five consecutive months and are now just 0.02% below their record high reached last summer, Case-Shiller data released Tuesday shows.