Home prices in June gained 5.8 percent year-over-year, up from an annual gain of 5.7 percent in May, reaching another all-time high, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.
The 10-City Composite reported a 4.9 percent annual gain in June, down from 5 percent in May. The 20-City Composite posted a 5.7 percent annual gain, unchanged from May.
The highest year-over-year increases were seen in Seattle, 13.4 percent; Portland, 8.2 percent; and Dallas, 7.7 percent. The National Index posted a 0.4 percent month-over-month increase in June. The 10-City Composite reported no month-over-month change, while the 20-City increased 0.1 percent.
“The trend of increasing home prices is continuing,” said David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, in a statement. “Price increases are supported by a tight housing market.”
