AgentIndustry News

Western states see home price gold rush

S&P/Case-Shiller Home Price Indices says homes west of the Mississippi are experiencing the best home price gains
  • Homes west of the Mississippi River are seeing strong home price growth and fueling solid growth in the overall economy.
  • San Francisco, Denver and Dallas reported the highest year-over-year gains of the 20 cities covered by the index.
  • On a national basis, prices increased 4.7 percent year-over-year, according to the indices.

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Homes west of the Mississippi River are seeing strong home price growth and fueling solid growth in the overall economy, according to the S&P/Case-Shiller Home Price Indices for July 2015. According to the indices, 14 cities, most of them in the West, reported greater price increases in the year ending in July than the year ending in June. San Francisco, Denver and Dallas reported the highest year-over-year gains of the 20 cities covered by the index, with price increases of 10.4 percent, 10.3 percent and 8.7 percent, respectively. Other Western cities faring well in the year-over-year analysis: Portland, which had an 8.-5 percent increase Seattle, which had a 7.3-percent increase Las Vegas, which had a 6.2-percent annual increase Los Angeles, which had a 6.1-percent increase Phoenix, which has the longest streak of year-over-year increases, had a 4.6-percent annual increase On a national basis, prices increased 4.7 percent year-over-year, according to t...