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- October 21, 202616°
- BIST10011,577-1.87%
- USD49.58+0.05%
- EUR55.62+0.09%
- GOLD4,151.10+0.21%
- INTEREST37.00%-1.00
- BITCOIN84,518+1.90%
- October 21, 202616°
US home prices rose 1.5% year on year in June
The US national home price index rose 1.5% year on year in June. Prices across 20 major cities increased by 2.1%, with Chicago recording the highest rise at 6.9%.
June data released by S&P Dow Jones Indices showed that annual price growth continued in the US housing market. The national index tracking home values across the United States rose 1.5% year on year in June.
The national index had increased by 1.2% in May. The index covering 20 major US cities recorded an annual rise of 2.1% in June.
Market expectations had pointed to a 1.8% increase in prices across the 20 cities. The same indicator had posted an annual increase of 1.6% in May.
Prices rose 6.9% in Chicago
Chicago recorded the fastest annual growth in home prices among the 20 cities in June. Prices in the city rose 6.9% year on year.
Prices increased by 4.8% in New York and 4.1% in Cleveland. Seattle recorded the steepest decline in home prices, with a 2% drop.
Decline in real home values continued
S&P Dow Jones Indices said inflation stood at 3.5% in June, exceeding the increase in home prices by 2 percentage points. This gap indicated that real home values in the US had declined for the 13th consecutive month.
Source:
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