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Wage growth, however, decelerated despite an unemployment rate that averaged 4.4 percent in the second quarter. Prices of U.S. Treasuries rose after the data but pared gains as oil prices hit two-month highs. The dollar fell against a basket of currencies and stocks on Wall Street were trading.
"Home price gains continue to trend down, but may be leveling off to a sustainable level," says Philip Murphy, Managing Director and Global Head of Index For a long-term perspective on home prices, here is a look at the seasonally and inflation-adjusted Case-Shiller price index from 1953, the first.
Home prices continued to rise at a slower pace in July. "The inevitable softening of the housing market appears to be upon us, and today’s Case Shiller Home Price Index numbers are another sign of moderation," said Cheryl Young, senior economist at Trulia, in a press statement.
S&P Corelogic Case-Shiller HPI: +0.2% M/M vs. +0.4% consensus, +0.3% prior.
Low inventory levels have supported price growth over the past year. Indeed, despite. home-price growth to continue to slow as more sellers becoming willing and able to place their homes on the.
Home prices continue to rise, according to the latest S&P CoreLogic Case-Shiller Indices for. “All 20 cities saw price gains with the smallest in Chicago, Washington, D.C., and Cleveland,” Hale.
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Home prices have risen more than 4% for 46 consecutive months since December 2012. Prices are within 1% of their peak “bubble” highs. Home price gains. lag historical trends of nominal GDP and.
The S&P/Case-Shiller home price. Housing has been turning in mixed economic numbers in the last few months. Prices and sales of existing homes have shown improvement while construction and sales of.
July showed a solid gain for the prices of U.S. homes, signaling encouraging trends for economic growth in cities across the country. According to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, (covering all nine U.S. census divisions) prices were 5.9 percent higher this year.
Local single-family home values were up 3 percent in December from a year earlier, according to the S&P CoreLogic Case-Shiller Indices. It was the 10th consecutive month the index showed.