The United States national home prices edged higher during the month of July, strengthening probabilities of a December interest rate hike by the Federal Reserve. However, price appreciation in the 20-City Index has shown signs of cooling off.
The S&P CoreLogic Case-Shiller composite index of 20 metropolitan areas rose 5 percent in July on a year-over-year basis, retreating from the 5.1 percent climb in June against a 5.1 percent increase according to a Reuters poll of economists.
Further, monthly price declines in Chicago, New York and San Francisco have contributed to some of the reported softness in the 20-City Index. Affordability remains a key challenge, however, as home price appreciation continues to outpace wage growth.
Also, Portland, Seattle and Denver continue to see prices rise sharply. On a year-over-year basis, the three cities have reported nation-leading gains in each of the past six months.


Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
FxWirePro: Daily Commodity Tracker - 21st March, 2022
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 



