Price appreciation staying strong

By Jann Swanson | Mortgage News Daily

Price gains accelerated in August, rising more year-over-year than they did in July according to data released today by both the Federal Housing Finance Agency (FHFA) and S&P CoreLogic Case-Shiller.

The Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, rose 5.3 percent compared to August 2015. In July the annual gain was 5.0 percent, revised from an original estimate of 5.2 percent. Before seasonal adjustment the National Index posted a month-over-month gain of 0.5 percent (the increase from July to August was 0.7 percent) and an 0.6 percent increase after seasonal adjustment.

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October 26, 2016

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