Home prices in June rose 5.1 percent annually, unchanged from the growth reported in May, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.
The 10-City Composite posted a 4.3 percent annual increase in June, down slightly from a 4.4 percent increase in May. The 20-City Composite reported a year-over-year gain of 5.1 percent, down from a 5.3 percent gain in May.
Portland had the highest year-over-year increase among 20 cities in June, with a 12.6 percent price increase. Portland was followed by Seattle, with an 11 percent gain, and Denver, with a 9.2 percent gain.
Month-over-month, the National Index in June posted a 0.2 percent gain while both the 10- and 20-City Composites reported decreases of 0.1 percent.
“Overall, residential real estate and housing is in good shape,” said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, in a statement.
