June Case-Shiller US Home Price Index Rises Modestly

BY MT Newswires | ECONOMIC | 08/26/25 09:00 AM EDT

09:00 AM EDT, 08/26/2025 (MT Newswires) -- The Case-Shiller National Home Price index rose by 0.1% in June before seasonal adjustment following a 0.5% increase in May.

National home prices were up 1.9% year-over-year, the slowest pace in two years according to Nicholas Godec, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices.

"What makes this deceleration particularly noteworthy is the underlying pattern: The modest 1.9% annual gain masks significant volatility, with the first half of the period showing declining prices (-0.6%) that were more than offset by a 2.5% surge in the most recent six months, suggesting the housing market experienced a meaningful inflection point around the start of 2025," Godec said.

The 10-city index fell by 0.1% in the month, while the 20-city index was unchanged.

National home prices were down 0.3% month-over-month in June after seasonal adjustment, with the 10-city measure down 0.1% and the 20-city measure 0.3% lower.

The monthly home price index report from S&P CoreLogic Case-Shiller measures single-family home prices across the US with a two-month lag, broken down by city, with combined measures of the 10 and 20 largest cities and a national index. Case-Shiller reports percentage gains both from the previous month and a year earlier.

Higher home prices are inflationary and are usually negative for bonds. The possible outcome for housing-related stocks is mixed, as higher prices suggest strong demand, but prices that are accelerating too fast can also deter potential buyers.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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