Posted To: MND NewsWire

The Federal Housing Finance Agency (FHFA) and all three of the S&P CoreLogic Case-Shiller price indices posted annual price gains in excess of 19 percent in July. Each index accelerated from their rates of growth in June setting new price records. Case-Shiller’s National Home Price NSA Index, covering all nine U.S. census divisions, rose 19.7 percent in July compared to 18.7 percent the previous month. The 10-City and 20-City Composites gained 19.1 and 19.9 percent respectively, up from 18.5 percent and 19.1 percent. Phoenix posted the greatest appreciation among the 20 cities for the 26th month at 32.4 percent. Phoenix was followed by San Diego with a 27.8 percent annual increase and Seattle with 25.5 percent. Seventeen of the 20 cities reported higher price increases in the year ending…(read more)

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Source: Mortgage News Daily