Case-Shiller: Miami home-price growth jumps in July

U.S. home-price growth accelerated in July, with the national index rising 1.9% year over year and 0.12% month over month. Chicago led gains, outpacing Seattle by nearly 9%. Despite nominal increases, real home prices fell for the 14th consecutive month due to 3.4% inflation, mainly driven by energy costs. Core inflation rose 2.5%, affecting housing affordability. Miami saw a 3.53% annual and 0.39% monthly price increase.