The Case-Shiller Home Price Index, which is considered the “gold standard” for appreciation, showed that nationally there was a 4.3% annual gain in June, which was unchanged from the gain we saw in May. The 20-city Index rose 3.5% year over year, down from 3.6% in the previous report, but these are still very strong appreciation figures.
|Regionally, price gains in Phoenix, Seattle and Tampa continued to be the strongest in the nation. Phoenix posted a 9% year-over-year price increase, followed by Seattle with 6.5% increase and Tampa with a 5.9% increase. Price gains were smallest in Chicago, New York and San Francisco.|
|The FHFA (Federal Housing Finance Agency) released their House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts. Home prices rose 0.9% in June and are up 5.7% year over year, which is a big improvement from the 4.9% in the previous report.|