US House Prices Rose in August

U.S. home prices rose slightly in August from the previous month, thanks to measured but positive economic growth, rising prices and wider home affordability.
The S&P/Case-Shiller U.S. National Home Price Index, which measures all nine U.S. census divisions, was up 5.3 percent on an annual basis in August from 5.0 percent in July.

The S&P CoreLogic Case-Shiller 20-City Composite index also rose 5.1 percent year over year, up from July’s 5.0 percent.

“All 20 cities saw prices higher than a year earlier with 10 enjoying larger annual gains than last month,” David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, in a press release.

Looking ahead, “With the national home price index almost surpassing the peak set 10 years ago, one question is how the housing recovery compares with the stock market recovery,” he said.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza