The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.4% annual gain for June, reaching a new all-time high. The annual gain was a deceleration from the 5.9% annual gain reported in May.
The 20-City Composite posted a year-over-year increase of 6.5% in June, dropping from a 6.9% increase in the previous month.
New York reported the highest annual gain among the 20 cities, with a 9.0% increase in June. Next were San Diego and Las Vegas, with annual increases of 8.7% and 8.5%, respectively. Portland had the smallest year-over-year growth on the list, reporting a 0.8% annual increase.
“The S&P CoreLogic Case-Shiller Indices continue to show above-trend real price performance when accounting for inflation,” Head of Commodities, Real & Digital Assets Brian D. Luke said in a statement. “Before accounting for inflation, home prices have risen over 1,100 percent since 1974, but have slightly more than doubled (111%) after accounting for inflation.”
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