U.S. home prices rose 1.4% year over year in August 2026, below the pre-pandemic average of 3.4% for 17 months. Higher mortgage rates limit demand, while rate lock-in restricts supply, keeping price growth steady but subdued. Chicago, Hartford, and New York saw the strongest gains, while Dallas, Austin, San Antonio, Tampa, and Denver experienced price declines, reflecting market rebalancing.
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