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U.S. Home Prices Show Annual Gain in July, Real Values Decline

U.S. home prices rose 1.9% annually in July 2026, according to the S&P CoreLogic Case-Shiller National Home Price Index. This marks an increase from the 1.6% annual gain recorded in the previous month. However, real home values experienced a decrease for the fourteenth consecutive month.

09/29/2026 · New Mexico edition

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Why it matters locally: While national home prices saw a nominal increase, the decline in real values due to inflation could affect affordability and wealth building for homeowners across New Mexico.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 1.9% annual increase in July 2026. This figure represents an acceleration from the 1.6% annual gain observed in June. Despite the nominal rise, real home values in the U.S. fell for the 14th consecutive month. July's inflation rate reached 3.4%, exceeding the national home price gain by approximately 1.5 percentage points.

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