Growth In Home Prices Continues

Posted by John Sabia on Monday, November 30th, 2015 at 9:31am.

The S&P/ Case-Shiller Home Price Indices are considered accurate monthly statistics when looking at year over year and month over month measurements for home prices across the country. The most recent findings show home prices are up 4.9 percent as compared to 2014 representing a minor uptick from the prior report, but is consistent with the trend.

In general, housing prices are showing signs of stability after many years of volatility. Current readings indicate annual price increases repeatedly ranging between 4 and 5 percent above last year’s level. S&P Dow Jones Indices’ managing director David M Blitzer believes home prices will continue strengthening. He said, “Home prices and housing continue to show strength with home prices rising at more than double the rate of inflation.” Mr. Blitzer continued, “The general economy appeared to slow slightly earlier in the fall, but is now showing renewed strength.”

In addition, Mr Blitzer stated while prices for homes for sale and condos for sale have increased, a home-buyer earning the median income is still able to afford a median priced home.

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John Sabia

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