Home Breaking News Home price gains were hot in June as Seattle sizzled, Case-Shiller says

Home price gains were hot in June as Seattle sizzled, Case-Shiller says

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U.S. home price growth picked up steam in June as strong demand continued to buoy the market.

The S&P/Case-Shiller 20-city index rose a seasonally adjusted 5.7% in the three-month period ending in June, compared with a year ago, the same rate of change as in May. The national index rose 5.8%, compared with a year ago, up from a 5.7% annual increase in May.

Nine cities had stronger annual price growth in June than in May, and western metros remained on top, with annual price gains ranging from 13.4% in Seattle to 7.7% in Dallas. Seattle prices are rising so rapidly that they have left No. 2 Portland in the dust, S&P Dow Jones Indices noted in a release.

Metro Monthly change 12-month change
Atlanta 0.6% 5.3%
Boston 0.7% 6.2%
Charlotte 0.8% 6.0%
Chicago 0.9% 3.2%
Cleveland 0.6% 2.9%
Dallas 0.8% 7.7%
Denver 0.8% 7.6%
Detroit 1.5% 7.6%
Las Vegas 1.0% 7.3%
Los Angeles 0.7% 5.6%
Miami 0.4% 5.0%
Minneapolis 1.0% 5.7%
New York 0.6% 3.9%
Phoenix 0.8% 5.8%
Portland 0.9% 8.2%
San Diego 0.9% 7.1%
San Francisco 0.7% 6.1%
Seattle 1.4% 13.4%
Tampa 0.5% 6.9%
Washington 0.7% 3.1%

The national price index reclaimed its 2006 peak last fall, but the closely watched 20-city index is still about 2.9% shy of that bubble-era peak.

Earlier in August, data provider CoreLogic released its own home price index, which showed prices rose 6.7% for the 12 months ending June. In contrast, the Case-Shiller index is a three-month rolling average of prices.



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