U.S. home prices rise 1.1% in May amid signs of waning pressure

U.S. home prices rise 1.1% in May amid signs of waning pressure - MarketWatch

 U.S. house prices rose 1.1% in May, according to the Case-Shiller 20-city composite index released Tuesday, with every city showing gains. On a seasonally adjusted basis, however, prices fell 0.3%. On a year-on-year basis, price growth decelerated to a 9.3% rate from 10.8% in April, marking the slowest rate since February 2013. The index is designed to track the value of a single-family home.


Nothing to see here folks, Running into a period where yoy comparisons are gong to be tougher. The only thing keeping the headline numbers positive is the decreased volume favoring more a expensive mix.

How does housing go up in "value" without median family income also rising?  It cannot, except through two mechanisms -- ever-falling rates and fraud.