Post-Recession Price Gains Outstrip Housing Boom

Posted To: MND NewsWire

rice gains since the recent low have increased faster and were less driven by inflation than prices during the housing boom of the last decade according to commentary in the S&P/Case Shiller Home Price Indices report. Home prices increased slightly more on an annual basis in August than they did in July on all three of the company's Home Price Indices (HPI). The U.S. National HPI, covering all nine U.S. census divisions had the smaller increase, gaining one additional percentage point while the two city composites each were up by two. The National Index posted a +4.7 percent change in prices compared to August 2014 compared to a 4.6 percent annual gain in July. On a month-over-month basis that index increased by 0.3 percent before being seasonally adjusted and 0.4 percent after. The 10...(read more)

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from Mortgage News Daily http://ift.tt/1LZRUjI