Although Gains are Slowing, Prices Show “Resiliency”

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Posted To: MND NewsWire

The rate of appreciation in home prices slipped again in May according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The metric, which covers all nine U.S. census divisions, came in at a 3.4 percent year-over-year increase compared to a 3.5 percent in April. On a monthly basis the index was up 0.8 percent before seasonal adjustment and 0.2 percent afterward. The two city-based composite indices showed similar deceleration. The 10-City Composite slipped from 2.3 percent in April to 2.2 percent and the 20-City Composite posted appreciation of 2.4 percent, down 0.1 point from the previous month. The monthly increases on a non-adjusted basis were 0.5 percent and 0.6 percent respectively while each index reported adjusted monthly growth of 0.1 percent. Nineteen of 20 cities…(read more)

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