Macro EconomyMedium•29 September 2026•
1 min read
US Case-Shiller Home Price Index Rises 1.9% in July 2026
Key Facts
1The S&P Cotality Case-Shiller U.S. National Home Price Index recorded a 1.9% annual gain in July 2026.
2U.S. home values fell in real terms for the 14th consecutive month as inflation outpaced price gains.
The S&P Cotality Case-Shiller U.S. National Home Price Index recorded a 1.9% annual gain in July 2026. PR Newswire reported that this growth accelerated from the 1.6% increase seen in June, with Chicago leading all major metropolitan areas with a 6.9% annual gain, followed by New York at 5.8%.
U.S. home values fell in real terms for the 14th consecutive month as inflation remained elevated at 3.4%, outpacing nominal price growth. Rebecca Kaufman, Associate Director at S&P Dow Jones Indices, noted that while real declines persist, the gap has begun to narrow due to slightly stronger nominal appreciation despite inflationary pressures driven by energy costs.