US Home Prices Are Losing Steam With Most Big Markets Below Peak

The US housing market is close to stalling out, with prices in more than half the country’s top 100 housing markets now below their peak, according to the latest data from Intercontinental Exchange.

The annual nationwide price increase slowed to 1.3% in June, the slowest pace in two years and down from 1.6% the previous month, ICE’s indexes show. Out of the biggest 100 markets, 51 are now below-peak and almost one-third have fallen at least a percentage point from recent highs.