Case-Shiller Index Shows Rising Home Prices in June

On a month-over-month basis, the 20-City composite increased 0.2 percent.

“Housing prices were stable in June,” says Craig J. Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P Dow Jones Indices. “More data will be required to understand whether the market resumes its previous path of accelerating prices, continues to decelerate or remains stable. That said, it’s important to bear in mind that deceleration is quite different from an environment in which prices actually fall.”

Although home prices keep climbing, low mortgage rates are enticing potential buyers who base purchases on monthly payments rather than overall price. With demand high, inventory low and prices continuing to rise, some analysts suggest affordability will become a greater concern.