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35 Consecutive Months of Higher Home Prices, but No Bubble Fears
Tuesday, May 26, 2015
The
pace of price increases continued virtually unchanged in March with greater year-over-year
appreciation in ten of the 20 cities tracked by S&P Dow Jones Indices than
in February. The National Home Price Index
which covers all nine U.S. Census Divisions slipped slightly with a 4.1 percent
annual gain in March compared to 4.2 percent the previous month. The 10-City Composite Index was up 4.7
percent on an annual basis and the 20-City rose 5.0 percent, virtually the same
annual increases they posted in February.
San
Francisco and Denver led in annual gains.
San Francisco's 10.3 percent increase was its first in double digits since
last July and Denver was up 10.0 percent followed by Dallas at 9.3
percent. Among the ten cities reporting
higher appreciation in March than in February the largest differential was in
Tampa, up 1.4 percent. Cleveland had the
largest deceleration, down 1.2 percent compared to the annual growth in
February.
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