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Home Prices Skyrocket Above 2006 Peak

(iStock) During the housing bubble, home prices peaked in July 2006 before plunging to new lows in a crash that endured until 2012. Now, they’re once again reaching new highs. Home prices soared to a 13.2 percent year-over-year gain in March, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. That’s up from the 12 percent annual gain in February, and marks the 10th consecutive month of accelerating home prices. March’s numbers represent the highest year-over-year gain in a single month since December 2005, leaving the national index up 32 percent from its July 2006 peak. The 13.2 percent jump “lies very comfortably in the top decile of historical performance,” Craig J. Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices, said in a statement.

S&P Corelogic Case-Shiller Index Shows Annual Home Price Gains Climbed To 13 2% In March

Share this article Share this article NEW YORK, May 25, 2021 /PRNewswire/   S&P Dow Jones Indices (S&P DJI) today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for March 2021 show that home prices continue to increase across the U.S. More than 27 years of history are available for the data series, and can be accessed in full by going to https://www.spglobal.com/spdji/. YEAR-OVER-YEAR  The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 13.2% annual gain in March, up from 12.0% in the previous month. The 10-City Composite annual increase came in at 12.8%, up from 11.7% in the previous month. The 20-City Composite posted a 13.3% year-over-year gain, up from 12.0% in the previous month.

S&P Corelogic Case-Shiller Index Shows Annual Home Price Gains Climbed To 13 2% In March

S&P Corelogic Case-Shiller Index Shows Annual Home Price Gains Climbed To 13 2% In March
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Real-Estate Frenzy Overwhelms Small-Town America: I Came Home Crying

Real-Estate Frenzy Overwhelms Small-Town America: I Came Home Crying
realtor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realtor.com Daily Mail and Mail on Sunday newspapers.

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