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Sandp Corelogic Case Shiller Index

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real-estate1 year ago•3 min saved

US Home Prices Soar to Record Highs Amid Scarcity

U.S. home prices reached an all-time high in March 2024, with the S&P CoreLogic Case-Shiller 20-city home price index rising by 7.4% year-on-year, marking the highest increase since October 2022. San Diego led with an 11.1% annual gain, while New York and Cleveland followed. The national index saw a 6.5% annual gain, and all metropolitan areas recorded positive monthly growth. The robust housing market performance was highlighted by significant gains in major cities, although some areas like San Francisco and Seattle have not fully recovered from previous peaks.

via Benzinga|

#housing-market-trends #metropolitan-areas #real-estate

real-estate1 year ago•2 min saved

"US Home Prices Soar to Record High in December 2023"

Home prices reached a new all-time high in December, rising 5.5% nationally compared to the previous year, according to the S&P CoreLogic Case-Shiller index. The 10-city and 20-city composites also showed annual gains of 7% and 6.1% respectively. However, there was a significant discrepancy in price gains among the 20 cities, with San Diego leading at 8.8% and Portland at the lowest with a 0.3% increase. The housing market has seen a limited supply of homes and rising mortgage rates, leading to a 34.3% decrease in available home supply compared to pre-pandemic levels.

via Fox Business|

#home-prices #housing-market #inventory

real-estate1 year ago•2 min saved

"November Sees Record Highs and Slowing Growth in US Home Prices"

US home prices reached a new record high in November, rising 5.1% nationally compared to the previous year, according to the S&P CoreLogic Case-Shiller index. The 10-city and 20-city composites also saw annual increases, with some cities hitting all-time highs. The housing market has rebounded despite higher mortgage rates and limited inventory, with prices likely to continue surging as the affordability crisis worsens.

via Fox Business|

#housing-inventory #housing-market #mortgage-rates

real-estate2 years ago•2 min saved

August Sees Seventh Consecutive Month of Rising Home Prices

Home prices in the U.S. rose by 0.4% in August, marking the seventh consecutive monthly increase and reaching a new record high, according to the S&P CoreLogic Case-Shiller index. On an annual basis, prices are up 2.6% from last year, the highest level since 1987. The 10-city composite saw a 3% annual increase, while the 20-city composite jumped 2.2%. Chicago was the best-performing city with a 5% gain, while Las Vegas and Phoenix experienced declines. The affordability crisis continues to worsen as mortgage rates remain high and supply remains limited.

via Fox Business|

#affordability-crisis #home-prices #housing-market

real-estate2 years ago•3 min saved

Continued Home Price Growth Despite Rate Hikes: June Housing Market Update

Home prices in the United States rose for the fifth consecutive month in June, increasing by 0.9% nationally on a non-seasonally adjusted basis, according to the S&P CoreLogic Case-Shiller index. While the 10-city and 20-city composites showed declines, there were regional differences, with Chicago leading as the best-performing city for the second straight month. The West Coast experienced some of the largest price declines. The housing market continues to face challenges due to high mortgage rates and a limited supply of homes, resulting in increased competition and rising prices. The inventory shortage is expected to persist, as sellers with low mortgage rates are reluctant to sell, and new construction has been slow.

via Fox Business|

#home-prices #housing-market #inventory-shortage

real-estate2 years ago

April Sees First Annual Drop in U.S. Home Prices Since 2012

US home prices have experienced their first annual decline since 2012 in April, according to the S&P CoreLogic Case-Shiller Index. The index showed a 3.6% annual decline in home prices across the US, with all 20 cities tracked by the index experiencing a slowdown in price growth. The housing market has been hit hard by the Covid-19 pandemic, with unemployment and economic uncertainty leading to a decrease in demand for homes.

via The Wall Street Journal|

#annual-decline #april #housing-market

real-estate2 years ago•2 min saved

US Home Prices Continue to Rise Amid Low Supply and High Demand

Home prices rose 0.7% nationally in March due to limited inventory and steep competition, according to the S&P CoreLogic Case-Shiller index. The 10-city composite fell 0.8% annually, while the 20-city composite fell 1.1% in March. Miami saw a 7.7% annual gain, making it the best-performing city for the eighth straight month. Conversely, Seattle prices plummeted 12.4%, edging out San Francisco with its 11.2% decline. The National Association of Home Builders/Wells Fargo Housing Market Index rose five points to 50, the highest reading since July.

via Fox Business|

#home-prices #housing-market #limited-inventory

real-estate2 years ago•2 min saved

US Home Prices Continue to Decline for Seventh Consecutive Month in January

US home prices fell for the seventh consecutive month in January, with a 0.6% decline from December, according to the S&P CoreLogic Case-Shiller index. On an annual basis, prices are up just 3.8%. The Federal Reserve's campaign to tighten policy and slow the economy has impacted the interest rate-sensitive housing market, with higher mortgage rates dampening consumer demand. Despite this, the Fed remains focused on its inflation-reduction targets, suggesting rates may remain elevated in the near-term, which could continue to be a headwind for housing prices for at least the next several months.

via Fox Business|

#federal-reserve #home-prices #housing-market