Posted To: MND NewsWire
It took ten years and change, but national prices as measured by the S&P CoreLogic Case-Shiller National Index have finally surpassed the previous pre-crisis high set in July 2006. The Home Price Index, which covers all nine U.S. census divisions, rose by 5.5 percent year-over-year in September, bringing it 0.1 percent above the earlier peak. The August 2015 to August 2016 gain had been 5.1 percent. The Case-Shiller number was on the low end of home price estimates for September. Black Knight had put the annual increase at 5.4 percent while the National Association of Realtors reported a 5.6 percent change. Both the CoreLogic HPI and that from the Federal Housing Finance Agency (FHFA) were significantly higher, at 6.3 and 6.1 percent respectively. Of the four, the FHFA index was the only...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2gCi4Ay
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