Like I said... inflation is SOARING and it is finally too high to hide.
FWIW, the politicians LOVE high inflation even thought it is devastating to their constituents because it kicks people into higher tax brackets AND they collect tons more in Taxifornica on property, sales AND income taxes that they can hand out like candy in exchange for votes to deadbeats who don't want to work or pay rent.
S&P Corelogic Case-Shiller Index Reports Record High 19.7% Annual Home Price Gain in July
NEW YORK, SEPTEMBER 28, 2021: S&P Dow Jones Indices (S&P DJI) today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for July 2021 show that home prices continue to increase across the U.S. More than 27 years of history are available for the data series and can be accessed in full by going to spglobal.com.
YEAR-OVER-YEAR
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 19.7% annual gain in July, up from 18.7% in the previous month. The 10-City Composite annual increase came in at 19.1%, up from 18.5% in the previous month. The 20-City Composite posted a 19.9% year-over-year gain, up from 19.1% in the previous month.
Phoenix, San Diego, and Seattle reported the highest year-over-year gains among the 20 cities in July. Phoenix led the way with a 32.4% year-over-year price increase, followed by San Diego with a 27.8% increase and Seattle with a 25.5% increase. Seventeen of the 20 cities reported higher price increases in the year ending July 2021 versus the year ending June 2021.
The charts on the following page compare year-over-year returns of different housing price ranges (tiers) for Phoenix and San Diego.
Full Article spglobal.com |
