By Mid-Q2, annual US home price growth reached ~1%, marking a third straight monthly gain and firmer pricing across much of the country.
Affordability remained improved yearly: buyers had ~3% more purchasing power, while avg.-priced home payments sat $48 below the yearly comparison nationally overall.
Market breadth improved nationally: ~70% of major US markets posted yearly gains, and ~90% showed seasonally adjusted MoM appreciation in Mid-Q2 readings.
Single-family prices outpaced condos nationally, with condo prices trailing yearly levels in >50% of major markets and underperforming houses in ~98% overall.
Near term, headline growth is likely to trend higher as sluggish mid-2025 comparisons roll off; watch monthly growth with mid-6% 30-yr mortgage rates.
