Case-Shiller: National House Price Index Up 1.5% year-over-year in June

The latest S&P/Case-Shiller National Home Price Index shows a 0.13% increase for June, with home prices up 1.5% year-over-year. However, with inflation at 3.5%, the real value of homes has actually slipped. Regional differences are clear—Chicago saw a strong 6.9% annual rise, while Seattle experienced a 2.0% decline. All of this is happening as mortgage rates hover around 6.5%. As someone who works every day with buyers and sellers here in Salem and throughout the Willamette Valley, I’m always keeping an eye on these shifts and what they mean for our local market. If you’re curious about how national trends might play out closer to home, let’s connect.