I noticed a similar issue, even now on iOS 7.0.3. When coming back to the homescreen from multitasking, there is a quick fraction of a second where the screen seems to resize itself (stretches up.) It's really brief, and not too noticeable if you're not paying attention. The easiest way to see it is if you look at the carrier name right when you get back to the homescreen.
The funny thing is, this doesn't happen with an iOS 7 upgraded iPhone 5, only on the 5S. Which makes me wonder if it's not a software thing but more of a hardware thing.
It also sometimes happens when coming back to the homescreen from an app.
This happens regardless of whether the parallax motion is on or off.
Does anyone else notices this?