Posted To: MND NewsWire

When the S&P CoreLogic Case-Shiller and Federal Housing Finance Agency’s price reports for March were released we wrote that the superlatives were getting tired. The April report has prompted Case Shiller to roll out the term “extraordinary.” Where do we go from here? The Case-Shiller U.S. National Home Price Index, which covers all nine census divisions, reported a 14.6 percent annual gain in April , up from 13.3 percent in March. It was the 11 th straight month of increasing prices. The 10-City Composite posted a 14.4 percent increase and growth on the 20-City Composite was 14.9 percent. In March, their respective changes were 12.9 percent and 13.4 percent. The monthly gains were just as significant. On a non-seasonally adjusted basis, the National Index and the 20-City Composite were…(read more)

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Source: Mortgage News Daily