US Home Prices Surge At Fastest Pace Since 2018

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by Tyler Durden
Tuesday, Sep 29, 2020 - 09:04 AM

After three straight months of deceleration, US home prices re-accelerated in July (according to the latest Case-Shiller home price index data), rising 0.55% MoM (vs +0.1% MoM exp).

The 20-City Composite index surged 3.95% YoY - the best annual gain since Dec 2018.

Source: Bloomberg

Phoenix, Seattle, Charlotte reported highest year-over-year gains among 19 cities surveyed.

New York was the only major city to see MoM decline in home prices.