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Home Economy

Growth in home prices continued to speed up in July

September 29, 2026
Reading Time: 1 min read
New York Fed: Public expects home prices to rise at rapid rate

Home prices increased 1.9% in July compared to the same month a year ago, up from a 1.6% rise the previous month, according to the S&P Cotality Case-Shiller Index. The 10-city composite rose 3.4% year over year. The 20-city composite increased 2.5% year over year. Chicago reported the highest year-over-year gain among the 20 cities, with a 6.9% increase, followed by New York City at 5.8% and Cleveland at 4.2%.

Meanwhile, the Federal Housing Finance Agency’s House Price Index showed that home prices rose 0.3% in July compared to the previous month, and were up 2.6% year over year. The FHFA index is calculated using the prices of houses bought with mortgages backed by Fannie Mae and Freddie Mac.

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