Please wait as we prepare your PDF file ....

Mission Chronicle Blog

Search Blog

our goal is to help you stay informed by providing timely and interesting articles.

Home price gains remain solid in August: Case-Shiller

10/29/2019

Download PDF

Home prices climbed 3.2 percent year-over-year in August, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, released Tuesday. The uptick is modest — in the preceding month, home prices recorded a 3.1 percent annual gain.

“The U.S. National Home Price NSA Index trend remained intact with a year-over-year price change of 3.2 percent,” Philip Murphy, managing director and global head of index governance at S&P Dow Jones Indices, said in a statement. “However, a shift in regional leadership may be underway beneath the headline national index.”

Regionally, some turnaround was observed. The highest year-over-year gains took place in Phoenix, Charlotte, and Tampa — at 6.3, 4.5 and 4.3 percent, respectively. Las Vegas, which previously boasted the second highest home price growth in the U.S., dropped to eighth place in August.

“Meanwhile, the Southeast region included three of the top four cities,” Murphy said. “Charlotte, Tampa, and Atlanta all recorded solid year-over-year performance with price changes of 4.5 percent, 4.3 percent, and 4.0 percent, respectively. In the Northwest, Seattle’s year-over-year change turned positive (0.7 percent) after three consecutive months of negative year-over-year price changes.”

“Persistently low mortgage rates have seemingly ended what might have otherwise been a home price race-to-the-bottom this late in our economic expansion,” Ralph B. McLaughlin, deputy chief economist and executive of research and insights for CoreLogic, said in a statement. “Mortgage rates this low at the end of an economic cycle is nearly unprecedented, and may be very well keeping the housing market – and U.S. economy – afloat.”

Email Veronika Bondarenko

Build client relationships one unexpected detail at a time Making the small things count to make your clients feel valued READ MORE

Source: click here

Read More

INSPIRED, INTELLIGENT, INSIGHTFULL

STAY INFORMED WITH TIMELY AND INTERESTING ARTICLES FROM OUR BLOG, MISSION CHRONICLE. OUR ASPIRATION IS TO PROVIDE REALTORS AND OTHER REAL ESTATE INDUSTRY PROFESSIONALS WITH EXCEPTIONAL RESOURCES AND SHARE OUR KNOWLEDGE TO PROPEL YOU TO YOUR GOALS.

  • Mission Chronicle Newsletter July 24, 2023

    Mortgage rates continued to press downward last week after the previous week's CPI data pointed to e...

  • Mission Chronicle Newsletter Feb 20, 2023

    Despite the recent downward trend in mortgage rates and hopes that the Fed was nearing the end of it...

  • Mission Chronicle Newsletter Feb 6, 2023

    The Federal Reserve meeting ended as market participants expected, with a quarter-point increase and...

  • Mission Chronicle Newsletter Dec 26, 2022

    Mortgage rates held relatively steady last week as most economic news came in better than expected.C...

  • Mission Chronicle Newsletter Dec 12, 2022

    Rates managed to move slightly downward last week as recession fears grew amid hopes that the Fedis ...

  • Mission Chronicle Newsletter Dec 5th 2022

    Mission Chronicle Newsletter Dec 5th 2022. Platforms: Browser, mobile-responsiveIdeal for: Leasing a...

  • Inman Review: Tenants and leasing teams get better connected with RentTango

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Tech Review: Smart Alto puts people first in its innovative lead qualification solution

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • Refreshed and nurture-savvy, Market Leader’s CRM deserves your attention

    Have suggestions for products that you’d like to see reviewed by our real estate technology ex...

  • The top 4 tips to improve your negotiation skills

    In today’s luxury real estate market, strong negotiation skills are an asset—you might even say ...

June 2024
Mon Tue Wed Thu Fri Sat Sun
 12
3456789
10111213141516
17181920212223
24252627282930

  • Polls

    What information you are looking for?

    View Results

    Loading ... Loading ...
  • Last month Results

    How Is My Site?

    • Good (100%, 3 Votes)
    • Excellent (0%, 0 Votes)
    • Bad (0%, 0 Votes)
    • Can Be Improved (0%, 0 Votes)
    • No Comments (0%, 0 Votes)

    Total Voters: 3

    Vote

    Loading ... Loading ...