Mid-Atlantic Home Prices Surge 6.3%, FHFA Data Show

U.S. home prices rose 2.6% annually through July, with a 0.3% monthly increase. The Middle Atlantic division saw the largest annual (over 10 times the Mountain division's 0.6%) and monthly gains (1.5%). The S&P Case-Shiller index showed slower 1.9% annual growth and 14 months of real-term value decline. New York metro listings rose 10.3% in August, but inventory fell 3.1%, with sales down 2.8% and median prices up 3.3%.