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Home Price Gains Shrug off Covid Concerns

Posted To: MND NewsWire

Both the Federal Housing Finance Agency’s (FHFA’s) Housing Price Index (HPI) and the several S&P CoreLogic Case-Shiller indices showed price gains across the U.S. in June. Case-Shiller’s numbers showed more moderation in the rate of increase than did those from FHFA. The Case-Shiller’s National Home Price Index, covering all nine U.S. census divisions , was up 4.3 percent for the 12 months ended in June , the same annual increase as was posted in May. Prices rose 0.2 percent month-over-month on a seasonally adjusted basis (SA) and were 0.6 percent higher before adjustment (NSA). The 10-City Composite annual increase came in at 2.8 percent, down from 3.0 percent the previous month while the 20-City Composite gain was 3.5 percent compared to 3.6 percent in May. The 10 and 20-City Composites…(read more)

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