Home Prices

U.S. home prices rose 1.5% year over year in June, up from 1.2% in May. The 10-City and 20-City Composite indices increased 2.9% and 2.1%, respectively, continuing to outpace the national index.

U.S. home prices reversed course in May after months of deceleration. The national index saw its annual gain increase to 1.1%, with the 10-City and 20-City Composite indices posting stronger year-over-year increases of 2.4% and 1.6%, respectively.

According to data from Cotality, the American housing market strolled into the spring season. Annual national home price growth slipped to 0.66% in March, cooling from the 0.75% pace recorded in February. Major metropolitan areas continue to lift up the rest of the country, with the 10-City Index remaining stronger than the national composite.

Intercontinental Exchange, Inc. (NYSE: ICE) released its May 2026 ICE Mortgage Monitor report. The analysis found that U.S. home prices rose 0.32% in April on a seasonally adjusted basis — the strongest single-month gain in nearly two years.

The U.S. housing market is finding a new equilibrium dominated by slower home price growth. The rapid appreciation of years past has faded, and the market tapped the brakes again in February 2026. National annual home price growth edged down to 0.7%; another small step back from the 0.8% pace seen in January.

Veros Real Estate Solutions (Veros), a provider of enterprise risk management and collateral valuation services, released its Q1 2026 VeroFORECAST. The forecast projects an average-nationwide home price appreciation rate of 1.3% over the next 12 months.

The 2025 housing market ended with the weakest annual appreciation since the market bottomed out in 2011 following the Great Recession. Buyers and sellers remain at an impasse, as potential homebuyers are unable or unwilling to meet the current listing prices.  Annual growth remained steady at 1.3% in December (Figure 1), according to the S&P Cotality Case‑Shiller Index.

The housing market remained in hibernation in November. With buyers unable to meet sellers’ expectations, most participants are opting to wait until spring. Annual growth remained flat at 1.4% in November, according to the S&P Cotality Case-Shiller Index.

The housing market stayed cool in October, with price growth flattening out as sellers held listings off the market in hopes of securing higher prices in the spring. Annual growth held steady at 1.4% in October, according to the S&P Cotality Case-Shiller Index.

The arrival of fall brought pumpkin-spice lattes, brisk weather, and cooler home prices. Annual growth slowed according to the S&P