Gains in the Southeast Bring Home Prices up 3.2% Nationally

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Posted To: MND NewsWire

Rapid price gains, long dominated by cities in the West, appear to be shifting to the Southeast, at least those reflected in the S&P CoreLogic Case-Shiller indices. The report for August notes that Las Vegas is no longer among the top three metro areas for annual price gains. After occupying the top spot for several years, it recently slipped down to second and has now fallen to number eight. Three of the top four cities are now in the Southeast. The Case-Shiller non-seasonally adjusted (NSA) National Home Price) Index, which covers all nine U.S. census divisions, reported a 3.2 percent annual gain in August, up from 3.1 percent the previous month. Before seasonal adjustment, the National Index posted a month-over-month increase of 0.2 percent and was 0.3 percent higher after seasonal adjustment…(read more)

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