Home prices unexpectedly fall in July

Home prices fell 0.2% in July, according to the latest report from Case-Shiller.

Over the prior year, prices rose 5%.

Both of these reading were less than expected.

Expectations were for the report to show prices rose 0.1% in July compared to the prior month and rose 5.15% over the prior year.

The report showed that compared to the prior year, the largest increases were seen in San Francisco and Denver, where home prices rose more than 10%, while home prices in Dallas were up 8.7% from the prior year.

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