Keeping you up to date on the latest data releases.
In July, the S&P Case-Shiller 10- and 20-city housing price indexes improved 1.9 percent and 1.8 percent, respectively. This represents the fourth consecutive month that all 20 cities have posted monthly gains. On an annual basis, the 10-city index was up 12.3 percent and the 20-city index was up 12.4 percent. The Southwest continues to lead year-over-year gains, where Las Vegas, San Francisco, Los Angeles, and San Diego are all up more than 20 percent. Both composites are now back to spring 2004 price levels.
The FHFA housing price index rose 1.0 percent from June to July and 8.8 percent since July 2012. Regionally, monthly price changes ranged from a 0.7 percent decline in the East South Central to a 2.2 percent increase in the Pacific. On an annual basis, all areas posted positive growth rates also trailed by the East South Central, up 3.8 percent, and led by the Pacific, up 20.8 percent. Overall, home prices are back to early 2005 levels.