The S&P/Case-Shiller National Home Price Index rose 0.13% month-over-month seasonally adjusted in June, following three months of decline. The annual gain was 1.5%, up from 1.2% the previous month, but home values fell in real terms due to 3.5% inflation. Regional disparities remain, with Chicago up 6.9% annually and Seattle down 2.0%. Mortgage rates near 6.5% continue to pressure the market.