DataMarkets & Economy

Northwest markets lead national home price increases, S&P reports

S&P/CoreLogic/Case-Shiller Indices for June reveal national home prices increased 5.1 percent in the last year
  • According to the S&P CoreLogic Case-Shiller Indices, national home prices increased 5.1 percent annually in June.
  • Portland, Seattle and Denver were the top three markets for year-over-year gains.
  • Chicago posted one of the highest monthly lifts between May and June, at 1.1 percent.
  • Sales of new single-family homes in July reached the highest volume since November 2007.

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

National home price boosted annually in June at 5.1 percent – the same increase posted in May – according to the S&P CoreLogic Case-Shiller U.S. National Home Price Indices. Looking closer, the index shows that within the 10-City Composite, home prices dipped 4.3 percent year-over-year. In May, prices within those 10 cities softened by 4.4 percent. Within the 20-City-Composite, prices rose at the same extent as the national index (5.1 percent), the latter of which covers all nine U.S. Census divisions. Northwest hot streak continues Northwest real estate showcased the most impressive boosts in price earlier this summer, with Portland, Seattle and Denver as the top three markets for year-over-year gains. S&P Dow Jones Indices & CoreLogic “In the strongest region, the Pacific Northwest, prices are rising at more than 10 percent; in the slower Northeast, prices are climbing a bit faster than inflation,” David M. Blitzer, managing director and chai...