The seasonal price bump many markets experienced in the spring appears to have cooled off, according to a report from real estate data firm Altos Research. Last week, the Standard & Poor's/Case-Shiller National Home Price Index for May showed that 16 out of the 20 markets tracked saw monthly price increases, with the 20-city composite up 1 percent. On an annual basis, however, only Washington, D.C., saw a gain, up 1.3 percent, and the 20-city composite was down 4.5 percent. An index released today by data and valuation firm Clear Capital rose 4.1 percent from April-July this year compared to January-March. The company's index uses data based on rolling quarters, comparing the last four-month period to the previous three-month period.Nevertheless, prices remain down 7.9 percent com...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.