Home Price Gains Trending Down to “Sustainable Levels”

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Posted To: MND NewsWire

Both the S&P CoreLogic Case-Shiller and the Federal Housing Finance Agency (FHFA) reported June price data on Tuesday. Both sets of indices showed the trend of decelerating prices continued into the summer, but appreciation in the FHFA index is still significantly more aggressive than the Case-Shiller and other major price measures. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 3.1 percent annual gain in June, down from 3.3 percent in the previous month. Before seasonal adjustment, the National Index posted a month-over-month increase of 0.6 percent with a 0.2 percent gain after adjustment. The 10-City Composite annual increase came in at 1.8 percent, down from 2.2 percent in the previous month and the 20-City…(read more)

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