Steel Products
September 26, 2017
Home Prices Continue Upward Trend
Written by Sandy Williams
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index gained 5.9 percent in July following a 5.8 percent gain in June. The 20-City Composite posted a 5.8 percent year-over-year gain in the latest report, up from 5.6 percent the previous month.
A modest inventory is allowing sellers to boost prices as competition for available homes intensifies. Prices accelerated the most in Seattle, Portland and Las Vegas, with year-over-year gains of 13.5 percent, 7.6 percent and 7.4 percent, respectively.
