U.S. home selling prices probably rebounded modestly in June

Figures collected by real estate data provider CoreLogic suggest that U.S. home selling prices in the twenty metropolitan areas covered by the more widely followed S&P/Case-Shiller (SPCS) survey edged 0.1% higher in June, reversing a portion of the decline recorded in May. Before seasonal adjustment, however, home prices likely jumped by 1.2% during the reference period, placing the latest reading of 181.2 5.2% above the level recorded in June 2014. The U.S. home prices are expected at little over 13¼% below their pre-Great Recession high, says Societe Generale in a report.