U.S. home-price growth accelerated in November, with annualized prices at their fastest pace in 16 months, fueled by solid hiring, historically low mortgage rates, and a shortage of houses on the market, according to a closely watched survey released Tuesday.
The Standard & Poor’s/Case-Shiller index of 20 metropolitan areas rose 5.8 percent in November from a year earlier, up from a 5.5 percent 12-month increase recorded in October. It was the largest such increase since mid-2014.
“Home prices extended their gains, supported by continued low mortgage rates, tight supplies, and an improving labor market,” said S&P index committee chairman David Blitzer.
Home prices in the three cities of Dallas, Denver, and Portland, Oregon now are at record highs, the survey showed. San Francisco matched its previous peak, and Charlotte, North Carolina is less than 1 percent from its record high.
GMT 13:49 2018 Saturday ,22 September
Russia puts its losses from US aluminum, steel tariffs at $600mlnGMT 05:09 2018 Wednesday ,24 January
West Bank Jewish numbers up 3.4% in 2017GMT 21:26 2018 Friday ,19 January
Political stability vital for Malaysia’s progress: PMGMT 21:22 2018 Friday ,19 January
Foreigners buy over 22,000 properties in Turkey in 2017GMT 00:02 2018 Wednesday ,17 January
Efforts to develop property sector hailedGMT 14:02 2018 Monday ,15 January
Bitcoin fever hits US real estate marketGMT 20:42 2018 Thursday ,11 January
Amsterdam to curb Airbnb rentals to 30 days a yearGMT 09:30 2018 Friday ,05 January
London house prices in first annual fall since 2009Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor