U.S. home prices rise 1.8% in July

U.S. home prices rise 1.8% in July

U.S. home prices increased 1.8% in July, the smallest monthly gain since March, as 15 of 20 cities tracked by a gauge from S&P/Case-Shiller saw slower growth, according to data released Tuesday. "The rate of increase may have peaked," said David Blitzer, index committee chairman at S&P Dow Jones Indices, noting that rising mortgage rates may be hitting the housing market. However, on a year-over-year basis, home prices grew 12.4% in July, the fastest annual pace since 2006. Home prices in July were about 21% below a 2006 peak

Of course this is useless to those working Part time pay check to pay check.  Big deal Home value is up anyone taking out a Loan? or better yet anyone want any new debt lol