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May set yet more records for price increases. Both the S&P CoreLogic Case-Shiller U.S. National Home Price Index and the Federal Housing Finance Agencies (FHFA) purchase only House Price Index (HPI) reported the highest annual rates of appreciation in their respective records. The Case-Shiller National Index, which covers all nine U.S. census divisions, reported 16.6 percent year-over-year growth in May , up from 14.8 percent in April, its 12 th straight month of accelerating gains and the highest annual increase on record. The 10-City Composite annual increase came in at 16.4 percent compared to 14.5 percent the previous month and the 20-City Composite rose 17.0 percent, a 2 percentage point increase from the April rate. Phoenix, San Diego, and Seattle reported the highest annual gains
Housing News
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May set yet more records for price increases. Both the S&P CoreLogic Case-Shiller U.S. National Home Price Index and the Federal Housing Finance Agencies (FHFA) purchase only House Price Index (HPI) reported the highest annual rates of appreciati... (read more)
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Housing News
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The U.S. Census Bureau says the nation's Homeownership Rate was at 65.4 percent in the second quarter of 2021. This is down from both the previous quarter's 65.6 percent , and a year earlier when it was reported at 67.9 percent. However, the Bureau c... (read more)
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Rob Chrisman
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With Simone Biles injury at the Olympics, let’s shift our attention to lending & housing. Have you ever asked someone, especially a politician, for the definition of “affordable housing”? Maybe the better riddle is, “How i... (read more)
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