The S&P/Case-Shiller U.S. National Home Price Index (HPI) covering all nine U.S. census divisions posted a 3.1% annual gain in June, down from 3.3% in May.
The 10-City Composite annual gain came in at 1.8%, down from 2.2%. The 20-City Composite posted a 2.1% year-over-year gain, down from 2.4% in the previous month.
“Home price gains continue to trend down, but may be leveling off to a sustainable level,” says Philip Murphy, Managing Director and Global Head of Index Governance at S&P Dow Jones Indices. “The average YOY gain declined to 3.0% in June, down from 3.1% the prior month. However, fewer cities (12) experienced lower YOY price gains than in May (13).”
Phoenix, Arizona, replaced Las Vegas, Nevada as the top city for home price gains. Phoenix posted a 5.8% year-over-year increase, followed by Las Vegas at 5.5% and Tampa, Florida, at 4.7%.
The most damning journalistic sin committed by the media during the era of Russia collusion…
The first ecological study finds mask mandates were not effective at slowing the spread of…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…
Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…
Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…
This website uses cookies.