Case-Shiller Home Prices Rise At Fastest Pace In 3 Years, Hit New Record High
Despite a slew of disappointing sales (new, existing, and pending), Case-Shiller reports national home prices rose 5.94% YoY - the fastest rise since June 2014 - hitting a new record high (now over 5% above 2006's peak).
It has now been 36 straight months that the S&P CoreLogic Case-Shiller 20-City Compoosite home price index has risen at approximately 5 to 6% annually and it has been 62 months without any YoY price drops...
Gains in New York and Los Angeles dominated the annual performance.