CBS: Apartment prices in sharp decline, rent skyrockets
The June 2026 economic index shows a cooling housing market with a 1% drop in home prices, while rent and other consumer costs continue to rise. Inflation remains moderate at 1.6%, driven by increases in food and services despite drops in fresh produce prices.
Why it matters
Understanding shifts in the housing market and inflation is critical for assessing the economic health of households and national fiscal policy.
The index for June 2026 remained unchanged compared to May. The annual inflation rate remained relatively moderate, with the CPI rising 1.6% over the past 12 months (June 2026 compared to June 2025).The housing market continues to show a clear cooling trend: The general home price index, which is not part of the CPI, plummeted by a full percent in just one month.Price index: Culture became more expensive, while vegetables and clothing became cheaperThe stability in the general index this month is the result of opposing forces in various consumer sectors.
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