US Home Prices Are Accelerating At Their Fastest Pace In 2 Years

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US Home Prices Are Accelerating At Their Fastest Pace In 2 Years

  • Case-Shiller reports that August (the latest lagged data) saw a serious surge in home prices across the 20 largest US cities. Against expectations of a 4.2% YoY rise, Case-Shiller reported a 5.18% YoY gain – the fastest pace of acceleration since August 2018.
  • Phoenix, Seattle and San Diego reported the highest year-over-year gains among the 19 cities (Detroit excluded from report due to virus-related reporting constraints). Chicago and New York reported the weakest YoY gains.

Source: zerohedge.com

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