S&P CoreLogic Case-Shiller's 20-City Composite price index rose just 2.13% YoY in June - the weakest growth since August 2012.
The MoM rise of just 0.04% notably missed expectations of a 0.1% rise and the drop from 2.37% YoY was also a sizable acceleration in the decline.
This is the 15th straight month of YoY declines in price.
This slide has occurred as mortgage rates have plunged...
But, given the lags in Case-Shiller data, there is an argument that the de-growth in prices could be about to stall (even though that's not what we saw in early 2016).
New York City saw a decline in prices in June.