6th Straight Record High For Home Prices -Case-Shiller

Posted To: MND NewsWire

The S&P CoreLogic Case-Shiller National Home Price Index hit another new record in May, the sixth consecutive month it did so while the Federal Housing Finance Agency reported another increase in its annual Housing Price Index (HPI) Case-Shiller's National index, which covers all nine U.S. census divisions, rose 5.6 percent on an annual basis, the same increase it posted in April. The index is now at 190.61, besting last month's record high of 180.50. On a month over month basis, the index gained 1.0 percent on a non-seasonally adjusted (NSA) basis (it rose 0.9 percent in April) and was 0.2 percent higher on an adjusted (SA) basis. The 10-City Composite Index had an annual increase of 4.9 percent compared to 5.0 percent a month earlier. On a month-over-month basis it rose 0.7 percent before...(read more)

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