Level 2

US home prices rose by less than expected in January, S&P Case Shiller says

By Alexander Bueso

Date: Tuesday 31 Mar 2020

US home prices rose by less than expected in January, S&P Case Shiller says

(Sharecast News) - House price inflation in the US picked up by less than expected at the start of 2020, the results of a closely watched set of surveys revealed.
The year-on-year rate of increase in Standard&Poor's CoreLogic Case-Shiller home price index accelerated from a 3.7% clip in December to 3.9% for January.

Nevertheless, a separate gauge tied to home prices in the country's 20 largest metropolitan areas rose by 3.1%, which was up from 2.8% in the month before but well below the 3.4% increase that economists had penciled-in.

The capital of Arizona, Phoenix saw the quickest price gains, with a rise of 6.9% versus a year ago, followed by Seattle and Tampa, where prices jumped by 5.1%.

Fourteen out of the 20 cities surveyed reported a faster pace of price increases versus a year ago than in December.

Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange Market.

..

Email this article to a friend

or share it with one of these popular networks:


Top of Page