S&P CoreLogic Circumstance-Shiller: US dwelling costs increase three.nine% in July
U.S. home prices rose at a faster pace in July as the housing market continued to show strength during the coronavirus outbreakBy PAUL WISEMAN AP Economics WriterSeptember 29, 2020, 1:03 PM• 1 min readWASHINGTON — U.S. home prices rose at a faster pace in July as the housing market continued to show strength in the…
The S&P CoreLogic Scenario-Shiller 20-metropolis house price index, launched Tuesday, rose 3.nine% in July from a year before, up from a three.5% yearly achieve in June.
The 20-city index excluded price ranges from the Detroit metropolitan location index for the reason that of delays connected to pandemic at the recording office in Wayne County, which consists of Detroit.
Phoenix (up nine.2%), Seattle (7%) and Charlotte, North Carolina (6%), documented the most significant calendar year-in excess of-yr gains. Sixteen of the 19 cities saw rates increase at a more rapidly pace than they did in June.
Aided by rock-bottom home finance loan prices, the U.S. housing current market has largely withstood the economic fallout from the COVID-19 outbreak.