Home Prices Still Rising; Other Indicators Leveling Off

Posted To: MND NewsWire

The S&P CoreLogic Case-Shiller U.S. National Home Price Index accelerated again in July , posting a 5.9 percent year-over-year gain compared to 5.8 percent appreciation in June. The non-seasonally adjusted monthly change was down slightly, 0.7 percent compared to 0.9 percent, while the seasonally adjusted gain ticked up from 0.4 to 0.5 percent. The 10-City Composite rose by 5.2 percent from its level in July 2016 , besting the June annual increase of 4.9 percent. That index rose 0.8 percent on a non-adjusted monthly basis and posted a 0.4 gain after adjustment. The 20-City Composite also accelerated, going from a 5.6 percent annual change in June to 5.8 percent in July. The non-adjusted and adjusted monthly indices were up 0.7 and 0.3 percent respectively. All 20 cities had price increases...(read more)

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