Indices Show Home Prices Still Soaring

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According to the latest S&P CoreLogic Case-Shiller Indices, home prices once again are showing no signs of slowing down as they continued to rise across the country over the last 12 months.  The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.2% annual gain in June, which was slightly down from May. Their 10-City Composite annual increase came in at 6.0% and their 20-City Composite posted a 6.3% year-over-year gain.   The S&P CoreLogic Case-Shiller Home Price Indices are one of the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions.

“Home prices continue to rise across the U.S…However, even as home prices keep climbing, we are seeing signs that growth is easing in the housing market. Sales of both new and existing homes are roughly flat over the last six months amidst news stories of an increase in the number of homes for sale in some markets…”   Said David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices.

Click here to read the full report S&P Dow Jones Indices.

 

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Director of Education & Outreach, National Real Estate Investors Association

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