House Prices Continue to Rise

The latest data from the S&P CoreLogic Case-Shiller Indices shows that U.S. house prices rose across the country in the 12 months leading up to June, with concentration in the South and West.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.1% annual gain in June, unchanged from last month.

Portland, Seattle, and Denver reported the highest year-over-year gains among the 20 cities over each of the last five months.

In June, Portland led the way with a 12.6% year-over-year price increase, followed by Seattle at 11.0%, and Denver with a 9.2% increase.

Six cities reported greater price increases in the year ending June 2016 versus the year ending May 2016.

According to the report, the 10-City Composite posted a 4.3% annual increase, down from 4.4% the previous month. The 20-City Composite reported a year-over-year gain of 5.1%, down from 5.3% in May.

Nationally, home prices have risen at a consistent 4.8% annual pace over the last two years without showing any signs of slowing, the report shows.

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