Home Prices Hit Another All-time High in June, Increasing 5.8% Year-over-year
DIGS
August 30, 2017
According to the most recent Case-Shiller Home Price Index, home prices hit another all-time high in June, increasing 5.8% year-over-year. The index, which covers all nine U.S. census divisions, established a new peak for the seventh consecutive month. Although home prices were generally expected to begin cooling by now, don’t bet on a home price reversal just yet. The National Index reached a new high of 192.60, up from last month’s peak high of 190.61 and Los Angeles had the highest index reading at 263.57.