S&P home prices rise 10.9 percent, beating expectations

New York /
May.May 28, 2013 11:30 AM

The 20-city S&P Case-Shiller house price index for March climbed 10.87% on the year. This beat expectations for a 10.2% rise.

This is also the fastest pace of increase since April 2006.

February’s number was revised up modestly to show a 9.35% rise.

On the month home prices were up 1.12%, above expectations for a 1% rise. February’s number was also revised up on a monthly basis to show a 1.32% rise.

Q1 home prices were up 10.17% on the year, beating expectations for a 9.6% rise. Q4’s number was revised down modestly to show a 7.25% rise.

Both the 10 and 20-city home price indices are about 28 – 29% off their June/July 2006 peaks.

“Phoenix again had the largest annual increase at 22.5% followed by San Francisco with 22.2% and Las Vegas with 20.6%. Miami and Tampa, the eastern end of the Sunbelt, were softer with annual gains of 10.7% and 11.8%. The weakest annual price gains were seen in New York (+2.6%), Cleveland (+4.8%) and Boston (+6.7%); even these numbers are quite substantial.”


Related Articles

arrow_forward_ios
CoStar CEO Andy Florance
CoStar retreats from failed CoreLogic bid
CoStar retreats from failed CoreLogic bid
CoStar Group Andrew C. Florance. (Getty)
CoStar revenue soars 19% after year of acquisitions
CoStar revenue soars 19% after year of acquisitions
CoStar's Andy Florance and CoreLogic’s Frank D. Martell (Photos via Getty; Twitter)
CoStar offers $6.9B to buy CoreLogic
CoStar offers $6.9B to buy CoreLogic
From left: CoreLogic CEO Frank Martell, Stone Point Capital CEO Charles Davis and Insight Partners' Deven Parekh (Getty; Stone Point; Insight; iStock)
CoreLogic finds buyer in $6B deal
CoreLogic finds buyer in $6B deal
 U.S. pending home sales declined for the third consecutive month. (iStock)
Pending home sales decline for third straight month
Pending home sales decline for third straight month
Keller Williams' Ilan Bracha and 1155 Ave of Americas (Credit: Google Maps)
Keller Williams Midtown claimed it would shutter to avoid $2M in rent: lawsuit
Keller Williams Midtown claimed it would shutter to avoid $2M in rent: lawsuit
(Credit: iStock)
Austin MLS accuses CoreLogic of selling its data to appraisers group
Austin MLS accuses CoreLogic of selling its data to appraisers group
Mortgage delinquencies across US dipped to lowest in more than a decade: report
Mortgage delinquencies across US dipped to lowest in more than a decade: report
Mortgage delinquencies across US dipped to lowest in more than a decade: report
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...