Versus Inflation, Home Price Increases Are Unsustainable -Case-Shiller

Posted To: MND NewsWire

While the annual gains in its nationwide index accelerated slightly in July the S&P CoreLogic Case-Shiller 10- and 20-City Composite Indices showed a slight slowing on an annual basis. The U.S. National Home Price Index, covering all nine U.S. census divisions showed prices rising 5.1% over the 12 months ending in July compared to a June to June gain of 5.0 percent. On a month-over-month basis the National Index was up 0.7 percent (compared to 0.1 percent in June) on a non-seasonally adjusted basis and 0.4 percent when adjusted. The 10-City Composite Index slowed from a 4.3 percent appreciation in June to 4.2 percent in July and the 20-City slipped by 0.1 point to 5.0 percent. Portland, Seattle, and Denver led in gains among the 20 cities for the sixth consecutive month with Portland posting...(read more)

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