The latest S&P CoreLogic Case-Shiller Home Price Index shows home prices rose 1.5% year over year in June, with gains seen in many major cities—Chicago leading the way, while Seattle saw a decline. However, even with these nominal increases, inflation has outpaced growth, meaning real home values have actually dipped. As someone who’s worked in Middle Tennessee real estate since 2005, I always keep a close eye on these trends—especially as rising mortgage rates could make future gains harder for buyers and sellers alike. Understanding how these numbers play out locally is key to making confident decisions in our market. If you ever want to talk about what these shifts could mean for you or your property goals, I’m always happy to share my insights.
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