US House Prices Rise in July
US single family home prices increased by 0.3 percent in July despite weak demand. The rise adds further strain for buyers facing surging mortgage rates driven by broader economic pressures.
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United States single-family house prices rose 0.3% in July, compounding affordability pressures driven by surging mortgage rates. The monthly increase followed an unchanged reading in June, according to data released by the Federal Housing Finance Agency on Tuesday. Prices advanced 2.6% in the 12 months through July, outpacing the 2.3% annual gain recorded through June.
