If you need assistance, please call 917-853-7005

Has a Slowdown in Home-Price Increases Reversed Course?

Tuesday, January 7, 2020   /   by Michael Axelrad, GRI

Has a Slowdown in Home-Price Increases Reversed Course?


Has a Slowdown in Home-Price Increases Reversed Course?


Case-Shiller reported a higher home price increase of 3.3% in Oct., but it’s too soon to determine if it’s a new trend or a one-month exception.


NEW YORK – According to the Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic, October 2019 saw an annual increase of 3.3% for home prices across the country, which is up from the previous month’s pace.


During the month, the 10-city and 20-city composites reported a 1.7% and 2.1% year-over-year increase, respectively. Eight of 20 cities reported increases before seasonal adjustment, whereas 18 of 20 cities reported increases after seasonal adjustment.


Phoenix, Tampa, and Charlotte reported the highest year-over-year gains among all of the 20 cities.


“The Southeast region was also strong, as Charlotte, Tampa, and Atlanta all rose at greater than a 4% clip,” says Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices. In October, Phoenix led with a 5.8% year-over-year home price increase, followed by Tampa with a 4.9% increase and Charlotte with a 4.8% increase.


“October’s results were broad-based, as both our 10- and 20-city composites rose,” Lazzara adds. “Of the 20 cities in the composite, only San Francisco saw a year-over-year price decline in October. As was the case last month, after a long period of decelerating price increases, the national, 10-city, and 20-city composites all rose at a modestly faster rate in October compared to September.”


Lazzara calls the stability “broad-based, reflecting data in 12 of 20 cities. It is, of course, still too soon to say whether this marks an end to the deceleration or is merely a pause in the longer-term trend.”


© Copyright 2020 INFORMATION INC., Bethesda, MD (301) 215-4688


The Rakower Axelrad Team Douglas Elliman Real Estate
Michael And Lucille Axelrad The Rakower Axelrad Team
134 Jessup Avenue
Quogue, NY 11959
917-853-7005
516-902-0220

The data relating to real estate for sale or lease on this web site comes in part from One Key, Inc. Real estate listings held by brokerage firms other than Mike Axelrad - The Rakower Axelrad Team / Douglas Elliman Real Estate are marked with the One Key, Inc logo or an abbreviated logo and detailed information about them includes the name of the listing broker.

The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

©2020 One Key, Inc. All rights reserved.

This site powered by CINC: www.cincpro.com