RP Data / Core Logic July Home Value Index
- +0.8% on the month (prior +0.5%) to a fresh record high
- +6.3% since January
- +6.1% y/y (The lowest rate of growth since September 2013. But at least its something for the doomers who were calling for a 50% price fall back in February. Be careful who you listen to.)
Comments from the report:
- Mr Lawless said, "The recent moderation in the rate of capital gains should be viewed as a positive sign that growth in dwelling values may be returning to more sustainable levels. However, the growth trend rate is still tracking considerably faster than income growth resulting in a deterioration of housing affordability."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
