{"id":72375,"date":"2026-09-29T09:38:13","date_gmt":"2026-09-29T13:38:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/u-s-home-prices-rise-as-global-economic-momentum-shifts\/72375\/"},"modified":"2026-09-29T09:38:13","modified_gmt":"2026-09-29T13:38:13","slug":"u-s-home-prices-rise-as-global-economic-momentum-shifts","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/u-s-home-prices-rise-as-global-economic-momentum-shifts\/72375\/","title":{"rendered":"U.S. Home Prices Rise as Global Economic Momentum Shifts"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. home prices climbed 0.3% in July<\/strong>, exceeding consensus estimates as the <strong>S&amp;P CoreLogic Case-Shiller 20-City Index<\/strong> rose <strong>2.5% year-over-year<\/strong>.<\/li>\n<li><strong>Canada\u2019s GDP stalled in July<\/strong> with a 0.0% reading, though an advance estimate for August suggests a modest <strong>0.2% rebound<\/strong>.<\/li>\n<li><strong>Wells Fargo Investment Institute<\/strong> sharply raised its 2027-end forecast for the <strong>10-year U.S. Treasury yield<\/strong> to a range of <strong>5.25%-5.75%<\/strong>.<\/li>\n<li>The <strong>SEC<\/strong> issued a &quot;no-action&quot; letter to Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>), clearing the way for its <strong>voluntary retail voting program<\/strong> without enforcement risk.<\/li>\n<li><strong>Jefferies<\/strong> significantly lowered its price target for luxury giant Herm\u00e8s (<a href=\"\/stock\/RMS\">RMS<\/a>) from <strong>\u20ac2,000 to \u20ac1,600<\/strong>, citing shifting valuation outlooks.<\/li>\n<\/ul>\n<h2>U.S. Housing Market Shows Unexpected Resilience<\/h2>\n<p>U.S. residential real estate prices continued their upward trajectory in July 2026, defying expectations of a seasonal slowdown. The <strong>Federal Housing Finance Agency (FHFA)<\/strong> reported a <strong>0.3% monthly increase<\/strong> in its House Price Index, while the <strong>S&amp;P CoreLogic Case-Shiller 20-City Index<\/strong> also rose <strong>0.3%<\/strong> on a seasonally adjusted basis. On an annual basis, national prices are up <strong>2.6%<\/strong>, with Chicago leading major metropolitan gains at <strong>6.9%<\/strong>.<\/p>\n<h2>North American Economic Divergence<\/h2>\n<p>While the U.S. housing market remains hot, <strong>Canada\u2019s economy hit a plateau<\/strong> in July. Statistics Canada reported <strong>0.0% GDP growth<\/strong> for the month, as a contraction in manufacturing and mining offset gains in construction and utilities. However, early data for August indicates a potential <strong>0.2% expansion<\/strong>, suggesting the stall may be a temporary pause rather than a broader downturn.<\/p>\n<h2>Shifting Financial Forecasts and Corporate Governance<\/h2>\n<p><strong>Wells Fargo Investment Institute<\/strong> updated its long-term outlook, now projecting the <strong>10-year U.S. Treasury yield<\/strong> could reach as high as <strong>5.75% by late 2027<\/strong>. This revision from the previous 4.50%-5.00% range reflects persistent inflation concerns and a &quot;higher-for-longer&quot; interest rate environment. Concurrently, the <strong>SEC<\/strong> signaled support for innovative shareholder engagement by allowing Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>) to implement a standing retail voting program, which permits investors to automate their votes in line with board recommendations.<\/p>\n<h2>Geopolitical Tensions and Global Trade<\/h2>\n<p>In the UK, Prime Minister <strong>Andy Burnham<\/strong> delivered a keynote speech at the <strong>Labour Party Conference<\/strong>, emphasizing a &quot;Hope Again&quot; platform aimed at reindustrialization and fiscal responsibility. On the global stage, U.S. Vice President <strong>JD Vance<\/strong> addressed ongoing hostilities with Iran, stating the U.S. believes the Supreme Leader is alive but insisting that Tehran must &quot;behave&quot; for any diplomatic deal to proceed. Meanwhile, <strong>Lithuania<\/strong> expressed readiness to fund a permanent U.S. military deployment to bolster Baltic security against regional threats.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. home prices climbed 0.3% in July, exceeding consensus estimates as the S&amp;P CoreLogic Case-Shiller 20-City Index rose [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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