Housing prices are going up, in case you hadn't heard. The Standard & Poor's/Case-Shiller 20-city home price index paints the housing market picture in vibrant data.
Josh Boak, economics writer for the Associated Press, reports on the most recent Standard & Poor's/Case-Shiller National Home Price Index, which finds surging home prices around the country, and new records in seven cities. Home prices for April grew 5.4 percent since last year, and 5.5 percent year over in March, according to Boak.
A press release [pdf] announcing the newest version of the index provides more data:
Portland, Seattle, and Denver reported the highest year-over-year gains among the 20 cities with another month of annual price increases. Portland led the way with a 12.3% year-over-year price increase, followed by Seattle at 10.7%, and Denver with a 9.5% increase. Nine cities reported greater price increases in the year ending April 2016 versus the year ending March 2016.
The press release also includes a list of seven cities currently setting new highs in housing prices: Denver, Dallas, Portland (Oregon), San Francisco, Seattle, Charlotte, and Boston.
Read the full story: With the Supply of Homes Slight, US Prices Surged in April
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