MarketWatch's Steve Goldstein takes a city-by-city look at home prices across the country, and found the 20-city composite fell 0.1% after seasonal adjustment.
That number is down 8.1% from the 2006 peak, and is up 41.6% from the 2012 trough. Though San Francisco's annual appreciation has slowed to its lowest rate since August of 2012, Portland and Seattle are still charting significant growth. Overall, house prices are still running far ahead of inflation, and consumer prices are up 1%.
The yearly growth slowed to 5.1% from 5.3% in May—which according to Ralph McLaughlin of Trulia represents the fifth straight month of flat or decreasing year-over-year growth.