Home prices in America's 20 largest cities rose on MoM basis for the third straight month in May, according to the latest data from S&P Core Logic's Case-Shiller index. In fact, for the 3rd straight month, home prices rose more than expected (up 0.99% MoM vs 0.7% exp in May) - that is the biggest MoM rise since May 2022.

Source: Bloomberg

On a YoY basis, home prices remain lower (marginally at -1.70%) in America's 20 largest cities.