Business & Investment

September price increases continue to be strong

NS Calculated risk of October 26, 2021 07:33:00 PM

NS August Case-Shiller Home Price Index Released this morning. Zillow predicts Case-Shiller a month earlier, but Zillow’s predictions are pretty close, so I’d like to confirm.

From Zillow Research: August 2021 Case-Shiller Results and Forecast: Gas Mitigation Begins

House prices rose to August at an unprecedented rate in July, but autumn reports show that the market is loosening the accelerator pedal.

Compared to August, homes took a little longer to sell in September and inventory for sale increased. In other words, from the spring of 2020 to the summer of 2021, unusual market conditions have caused home prices to skyrocket, but the latest signs indicate that the market is tolerant.When House price increases will continue to rise in the coming months, but no further acceleration is likely..

Month-Shiller’s monthly growth rate for September is expected to accelerate from August in both the 10- and 20-city indexes and slow down in the national index. Annual growth in September is expected to accelerate in the 20-city and national indexes and slow down in the 10-city index. The S & P Dow Jones Index will release data for the September S & P Core Logic Case-Shiller Index on Tuesday, November 30th.
Emphasis added

Zillow predicts that the year-over-year changes in the Case-Shiller National Index are as follows: 20.2% in September, Increased from 19.8% in August.

September price increases continue to be strong

http://feedproxy.google.com/~r/CalculatedRisk/~3/r7P-F6bC-JY/zillow-case-shiller-house-price.html September price increases continue to be strong

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