US Home Prices Surge At Fastest Pace Since 2018
Tue, 09/29/2020 – 09:04
After three straight months of deceleration, US home prices re-accelerated in July (according to the latest Case-Shiller home price index data), rising 0.55% MoM (vs +0.1% MoM exp).
The 20-City Composite index surged 3.95% YoY – the best annual gain since Dec 2018.
Phoenix, Seattle, Charlotte reported highest year-over-year gains among 19 cities surveyed.
New York was the only major city to see MoM decline in home prices.