U.S. inflation-adjusted home values fell for the 15th straight month in August 2026. Nominal price gains did not keep pace with 3.4% annual inflation over the period.

Housing affordability remained challenged as of August. Pressures on the market include the 3.4% inflation rate, Brent crude near $100, and mortgage rates in the mid-to-high 6% range.

Index data confirms the full 15 month run of real price declines for the August reading.