Eye On Housing
National home prices increased modestly in June. While Las Vegas, San Francisco, New York, Chicago, Seattle, Boston and Cleveland experienced price declines, Charlotte posted the strongest annual growth rate among the 19 metro areas in June. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of… Read More ›
Boosted by historically low mortgage rates, existing home sales, as reported by the National Association of Realtors (NAR), posted another record increase in July and surpassed pre-pandemic levels. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, soared 24.7% to a seasonally adjusted annual rate of 5.86 million in July, the largest monthly gain on record and the… Read More ›
Home prices continued to increase in May, but at a slightly slower pace compared to last month. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 1.6% in May, following a 5.0% increase in April. On a year-over-year basis, the S&P CoreLogic Case-Shiller U.S. National… Read More ›
Home price appreciation continued in April despite the economic slowdown and the recent declines in existing home sales due to the COVID-19 pandemic. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 5.8% in April, after a revised 6.9% increase in March. On a year-over-year… Read More ›
National home prices continued to increase in March and have not reflected any significant adverse impacts from the COVID-19 shutdown. However, as many nonessential businesses remain shut down in April and May, home prices will certainly decline in the coming months. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally… Read More ›
In February, national home price appreciation continued prior to COVID-19 shutdown. All 20 metro areas had positive home price growth rates. However, price growth will certainly decline in the coming months as nonessential businesses shut down and jobless claims soar. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted… Read More ›
National home prices continued to increase over the first month of 2020, prior to coronavirus outbreak. Price growth will certainly decline as future months’ data is recorded. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 6.2% in January, faster than a 5.3% increase in… Read More ›
National home prices continued to increase in December 2019. Nineteen metro areas had positive home price appreciation while Cleveland saw home price decline in December. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, released by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 5.7% in December, following a 5.8% increase in November. On a… Read More ›
The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 6.2% in November, following a 5.1% increase in October. It was the highest gain since February 2018. On a year-over-year basis, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index posted a 3.5% annual gain… Read More ›
In December, the National Bureau of Economic Research (NBER) released a working paper announcing the release of an updated version of the Wharton Land Use Regulatory Index. The paper’s lead author, Joseph Gyourko, is a professor at the Wharton School who is well known for his research in this area and worked with the previous version of the index. The… Read More ›