Home Prices Increase 19.7% for the Year
July brought another surge of home prices for the fourth consecutive month.
According to Go Banking Rates, the Standard and Poor’s S&P CoreLogic Case-Shiller national home price index, home prices posted an 18.6% gain in June, up from 16.8% in May. This represents the highest rate in more than 30 years of data collection. It also represents the 13th consecutive month of increasing prices, and even more alarming, the third consecutive month where the growth rate of prices hit a new record.
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