Price Gains Moderating, But Some Metro Areas Stand Out

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Posted To: MND NewsWire

Results are in for the final two of the four major home price indices for June. Both the S&P CoreLogic Case-Shiller Indices and Black Knight Financial Services’ Home Price Index (HPI) show continued price appreciation throughout the country with Case-Shiller reporting the appreciation tended to be greatest in two regions , the South and the West. Case-Shiller’s U.S. National Home Price Index, which covers the nine U.S. census divisions, was up 5.1 percent compared to June 2015, the same year-over-year increase that was posted in May. The non-seasonally adjusted national index posted a month-over-month gain of 1.0 percent and was up 0.2 percent after adjustment. Both the 10-City and the 20-City Composite Indices were up from the May level by 0.8 percent on a non-seasonally adjusted basis…(read more)

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