S&P Case-Shiller Index: Increases Across the Nation

first_img The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, News Home / Daily Dose / S&P Case-Shiller Index: Increases Across the Nation Demand Propels Home Prices Upward 2 days ago S&P Dow Jones Indices released the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index today. The data accounts for July 2017 and shows that home prices continued to increase across the country over the last year.The index reported a 5.9 percent annual gain in July, a slight increase from the previous month. The 10-City Composite annual increase came in at 5.2 percent, while the 20-City Composite posted a 5.8 percent year-over-year gain.According to David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices, consumers, through home buying and other spending, are the driving force in the current economic expansion.Regionally, Seattle, Washington, Portland, Oregon, and Las Vegas, Nevada reported the highest year-over-year gains among the 20 cities. According to the data, Seattle, “led the way with a 13.5 percent year-over-year price increase, followed by Portland with a 7.6 percent increase, and Las Vegas with a 7.4 percent increase.” In addition, another 12 cities had greater price increases in the year ending July 2017.“While the gains in home prices in recent months have been in the Pacific Northwest, the leadership continues to shift among regions and cities across the country,” said Blitzer. “Dallas and Denver are also experiencing rapid price growth. Las Vegas, one of the hardest hit cities in the housing collapse, saw the third fastest increase in the year through July 2017.”Blitzer continued to explain other housing indicators that will have the market dealing with confronts.“The housing market will face two contradicting challenges during the rest of 2017 and into 2018,” he said. “First, rebuilding following hurricanes across Texas, Florida, and other parts of the south will lead to further supply pressures. Second, the Fed’s recent move to shrink its balance sheet could push mortgage rates upward.”To view the full Index, click here. About Author: Nicole Casperson Share Save Tagged with: HOUSING mortgage S&P/Case-Shiller Home Price Indices Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Subscribe Servicers Navigate the Post-Pandemic World 2 days agocenter_img S&P Case-Shiller Index: Increases Across the Nation HOUSING mortgage S&P/Case-Shiller Home Price Indices 2017-09-26 Nicole Casperson Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago September 26, 2017 1,335 Views Previous: Equifax CEO Explains Reasons for Retirement Next: The American Dream: Homeownership Still Included? The Best Markets For Residential Property Investors 2 days agolast_img read more