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Home Prices "Remarkably Stable" in April

Friday, July 10, 2020   /   by Erik Bjorklund

Home Prices "Remarkably Stable" in April

Home prices continued to hold up on a national basis
in April. The S&P CoreLogic Case-Shiller U.S. National Home Price Index,
covering all nine U.S. census divisions, reported a 4.7 percent annual gain in
April, up from 4.6 percent in March.
The National Index posted a 1.1 percent
month-over-month increase before seasonal adjustment and an 0.5 percent gain
after it. The 10-City Composite appreciated at an annual rate of
3.4 percent, unchanged from the March rate while the 20-City Composite's annual
increase rose to 4.0 percent from 3.9 percent the previous month. The 10-City and
20-City measures had monthly increases of 0.7 percent and 0.9 percent
respectively before seasonal adjustment and both posted 0.3 percent increases after
adjustment. In April, all 19 cities (excluding Detroit for which
sufficient data was not available due to a county recording office shutdown)
reported increases before seasonal adjustment. Sixteen of the 19 cities
reported them afterward.


...(read more)

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