Home Prices Still Rising But At A Slower Pace

Home Prices Still Rising But At A Slower Pace

The S&P Case-Shiller Home Price Indices is considered among the leading measures of U.S. home prices. Their data covers all nine census divisions and has a long history. According to their most recent release, home prices continue to increase but have begun to decelerate.

Home Prices Rising Slower

In fact, both the 10-city and 20-city composite indexes showed a slower rate of increase in August than they did the month before. Still, S&P’s managing director and global head of index investment strategy, Craig Lazzara, says price growth remains strong. “The U.S. housing market showed continuing strength in August 2021,” Lazarra said. “Every one of our city and composite indices stands at its all-time high, and year-over-year price growth continues to be very strong, although moderating somewhat from last month’s levels.” The national index shows home prices rising nearly 20 percent from one year ago. Among individual cities, Phoenix experienced the biggest gains, with San Diego, Tampa Bay, Dallas, and Seattle rounding out the top five cities with the biggest increases. Follow the link for more information.

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