Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

US Home Price Growth Accelerates For First Time Since Feb 2018

Courtesy of ZeroHedge View original post here.

With the home-price bidding-war slowing dramatically, and bubble-central in the Bay Area seeing home prices fade, expectations were for a continued slowdown in national home prices, but, for the first time since Feb 2018, US Case-Shiller 20-City Composite home price growth accelerated in September.

The index of property values increased 2.1% from September 2018, higher than the median estimate of 2%.

Source: Bloomberg

The 0.36% MoM jump is the biggest since March 2018.

Prices rose from the prior month in 17 cities, led by a 0.8% increase in Seattle and a 0.7% gain in Los Angeles.

Home prices fell in San Francisco, Chicago and Boston.

All 20 cities in the index, with the exception of San Francisco, showed annual gains, led by a 6% surge in Phoenix.

As S&P writes, home prices rose in September as lower mortgage rates and a solid labor market generated buyer interest in a market where supply remains lean.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!