New Home Prices in July Out Pace 2019

Home prices in newly built communities are outpacing pricing trends from 2019. According to data from Zonda, 56% of new home communities raised prices in July, while only 39% of new home communities increased pricing in July 2019. Phoenix, Denver, Las Vegas, Sacramento and Riverside are epicenters for new home construction an increased pricing.

“The price increases, especially in the new home market come from the puzzle that the industry was facing pre-pandemic, which is that there are no homes for sale. That has only gotten worse during the pandemic,” Ali Wolf, chief economist at Zonda, tells GlobeSt.com. “If a buyer is looking to take advantage of rates today, there are very few options, especially if they are selective about location.”

The pandemic has actually helped to fuel home sales. It has given many people flexibility to move further away from their jobs, but the pandemic has also

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S&P CoreLogic Case-Shiller Indices show Chicago home values rose 0.8 percent in July

That’s essentially flat from a year ago. July was the seventh month out of the past 12 when Chicago home values were flat, according to the index. In the other five months, values were up 1.5 percent or less. 

Nationwide, home values were up 4.8 percent in July, or six times the increase in Chicago. The national figure has been up more than 4 percent in six of the past 12 months.

“The strength of the housing market was consistent nationally,” Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices, said in prepared comments that accompanied the data. All 19 cities in the index showed stronger performance in July than in June, he noted. That includes Chicago, where home prices were up 0.6 percent in June and 0.8 percent in July.

This report from Case-Shiller does not conflict with Crain’s story last week

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Record High U.S. Home Prices in July

Market indexes began this Tuesday morning roughly flat, ahead of a couple key data points released before the bell: Advance Trade in Goods for August and Case-Shiller Home Prices for July. Neither will carry the impact of the mass of jobs data we’ll get beginning tomorrow, but both demonstrate economic implications for the U.S. going forward.

The Advance Trade in Goods number for last month was, simply, the deepest deficit on record: -$82.9 billion. This is notably worse than the $78.9 billion expected by analysts and the downwardly revised -$80.1 billion for July. Imports rose 3.1%, led by Consumer Goods and Autos, up 7% and 6.2%, respectively. By comparison, Exports rose 2.8%, with Industrial Supplies 10.6% higher but Capital Goods down 3.9% on the month.

What these numbers suggest is that the U.S. is bouncing back from the coronavirus pandemic more slowly than other regions around the world, particularly Asia,

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S&P CoreLogic Case-Shiller Index Reports 4.8% Annual Home Price Gain In July

The MarketWatch News Department was not involved in the creation of this content.

NEW YORK, Sept. 29, 2020 /PRNewswire via COMTEX/ —
NEW YORK, Sept. 29, 2020 /PRNewswire/ — S&P Dow Jones Indices 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 2020 show that home prices continue to increase at a modest rate across the U.S. More than 27 years of history are available for these data series, and can be accessed in full by going to www.spdji.com.

Please note that transaction records for March, April, May and June 2020 for Wayne County, MI are now available. Due to delays at the local recording office caused by the COVID-19 lockdown, S&P Dow Jones Indices and CoreLogic were previously unable to generate a valid March, April, May and June 2020 update of the Detroit S&P CoreLogic

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Home price growth accelerated in July as buyers competed for listings, Case-Shiller index shows

The numbers: Home-price appreciation maintained a fast pace in July as buyers flooded the market only to find few homes for sale, according to a major price barometer released Tuesday.

The S&P CoreLogic Case-Shiller 20-city price index posted a 3.9% year-over-year gain in July, up from 3.5% the previous month. On a monthly basis, the index increased 0.6% between June and July.

What happened: The separate national index released with the report noted a 4.8% increase in home prices across the U.S. over the past year.

Phoenix once again lead all other markets nationwide with a 9.2% annual price gain in July, followed by Seattle with a 7% increase and Charlotte, N.C., with 6% growth.

“Prices were particularly strong in the Southeast and West regions, and comparatively weak in the Midwest and Northeast,” Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices, wrote

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S&P CoreLogic Case-Shiller: US home prices rise 3.9% in July

U.S. home prices rose at a faster pace in July as the housing market continued to show strength during the coronavirus outbreak

The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 3.9% in July from a year earlier, up from a 3.5% annual gain in June. The July gain was slightly higher than economists had expected.

The 20-city index excluded prices from the Detroit metropolitan area index because of delays related to pandemic at the recording office in Wayne County, which includes Detroit.

Phoenix (up 9.2%), Seattle (7%) and Charlotte, North Carolina (6%), reported the biggest year-over-year

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Nearly 29% of Redfin.com Users Searched For Homes Outside Their Area in July and August

SEATTLE, Sept. 24, 2020 /PRNewswire/ — (NASDAQ: RDFN) — Nationwide, 28.7% of Redfin.com users looked to move to another metro area in July and August, according to the latest migration report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That is up from 27.4% in the second quarter and the highest share since Redfin started tracking migration in 2017. The analysis is based on a sample of more than two million Redfin.com users who searched for homes across 87 metro areas so far in the third quarter of 2020.

The national housing market is booming as the coronavirus pandemic changes what people look for in a home, such as more space for work and family life. Those are also reasons why people are continuing to leave expensive coastal areas like New York, San Francisco and Los Angeles for places like Sacramento and Austin, where homes

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