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Case-Shiller/FHFA House Prices (Jun.)

The limited supply of existing homes for sale helped house prices rise for the fifth consecutive month in June, according to Case-Shiller. Given the sizeable increase in prices in Q2 and that we expect mortgage rates to fall later this year, we have upwardly revised our forecasts and now don’t anticipate any further falls in house prices over the remainder of the year.

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