Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Home Prices Hit Record Highs (Again)

Home prices aren't done with their historic run-up yet, hitting new post-recession highs in May, according to a S&P/Case-Shiller Home Price Index report (link opens a PDF) released today.

After increasing a revised 2.6% for April, the index's 20-city composite added another 2.4% onto its average price tag, 0.4 percentage points above analyst estimates. Average home prices are currently hovering around their spring 2004 levels.

All 20 cities included in the comparison recorded price gains for May. Chicago led the nation with a 3.7% monthly growth rate, while Charlotte and Cleveland tied for slowest advancement at 1.2%. 

"Home prices continue to strengthen," said David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, in a statement today. "Two cities set new highs, surpassing their pre-crisis levels, and five cities -- Atlanta, Chicago, San Diego, San Francisco, and Seattle -- posted monthly gains of over three percent, also a first-time event."

For the 12 months ending in May, the 10- and 20-city composites are up 11.8% and 12.%, respectively .

Read/Post Comments (0) | Recommend This Article (1)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2567924, ~/Articles/ArticleHandler.aspx, 9/27/2016 11:40:44 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,152.15 57.32 0.32%
S&P 500 2,153.55 7.45 0.35%
NASD 5,283.63 26.14 0.50%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes