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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Home price growth in the US accelerates

U.S. home price growth accelerated in July as the nation continued to grapple with the coronavirus pandemic. 

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Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 4.8% annual gain in July, up from 4.3% in June. The 20-City Composite posted a 3.9% annual gain, up from 3.5% the previous month — beating analysts’ expectations of 3.6%, according to Bloomberg. The results for the first time in five months, now include Wayne County, Mich.

“The National Composite Index gained 4.8% relative to its level a year ago,” said Craig J. Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices, in a press statement. “The strength of the housing market was consistent nationally – all 19 cities for which we have July data rose, with 16 of them outpacing their June gains.”

For the 14th straight month,

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Buckingham Palace FOR SALE? Royal residence listed by estate agent for EYE-WATERING price | Royal | News

Buckingham Palace is the London residence and the official headquarters of the British monarch, who is currently Queen Elizabeth II. The stunning building, which is located in the City of Westminster, is over 300 years old and an online estate agent has estimated just how much the historical building is worth.

Online estate agent Emoov has featured Buckingham Palace on its website, giving the appearance the Palace is up for sale.

The details of the property state it features 240 bedrooms, 19 state rooms, 78 bathrooms and has a freehold tenure.

Key features of the Palace include its close proximity to Victoria mainline station and that it has its own swimming pool, doctor’s surgery and gated security.

The description also makes a joke at the famous changing of the guard, by stating: “Every now and then, a few guards like to swap places.”

But before anyone gets too excited, the

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