Economists polled by Bloomberg are looking for home prices to rise 0.8% month-over-month. This compares with a 0.7% rise the previous month.
Economists have for some time expected home prices to cool in the second half of the year. Paul Diggle at Capital Economics also expects $4 than existing home prices.
The Federal Housing Finance Agency (FHFA) House Price Index (HPI) covers single-family housing, using data provided by Fannie Mae and Freddie Mac.