Home Prices Appear Unstoppable

Posted To: MND NewsWire

It is increasingly hackneyed to say it, but home price appreciation accelerated yet again in August. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, increased by 6.1% on a year-over-year basis, outpacing annual increase reported for July by 0.2 percentage point. It was the largest gain thus far in 2017. The non-seasonally adjusted increase on a monthly basis did slow slightly; the gain was 0.5 percent compared to 0.7 percent from June to July. There was an 0.5 percent increase after seasonal adjustment as well. The 10-City Composite Index rose 5.3 percent compared to a 5.2 percent annual change in July, and the monthly index was 0.5 percent higher on both an adjusted and a non-adjusted basis. The annual increase in the 20-City...(read more)

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