The S&P Dow Jones Indices recently released their latest S&P CoreLogic Case-Shiller Indices which showed a 5.6% annual gain in November 2016, up from 5.5% in October. Their 10-City Composite posted a 4.5% annual increase, up from 4.3% the previous month and their 20-City Composite reported a year-over-year gain of 5.3%, up from 5.1% in October. In addition, they report that home prices have continued to rise across the country over the past 12 months.
“With the S&P CoreLogic Case-Shiller National Home Price Index rising at about 5.5% annual rate over the last two-and-a-half years and having reached a new all-time high recently, one can argue that housing has recovered from the boom-bust cycle that began a dozen years ago,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices.
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