S&P/Case-Shiller Reports Vibrant YoY Price Gains – NMP Skip to main content

S&P/Case-Shiller Reports Vibrant YoY Price Gains

Phil Hall
Sep 29, 2015

Home prices experienced strong year-over-year gains but fairly modest month-over-month gains, according to the latest data released by the S&P/Case-Shiller Home Price Indices.

The S&P/Case-Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, recorded a slightly higher year-over-year gain with a 4.7 percent annual increase in July 2015 versus a 4.5 percent increase in June 2015. The 10-City and 20-City Composites both recorded 0.6 percent month-over-month gains, while their year-over-year gains were 4.5 percent and 5.0 percent, respectively.

Among the major markets, San Francisco, Denver and Dallas reported the greatest gains from the previous year, with price increases of 10.4 percent, 10.3 percent, and 8.7 percent. Phoenix, with a 4.6 percent increase in July, enjoyed the eighth consecutive year-over-year increase.

“Prices of existing homes and housing overall are seeing strong growth and contributing to recent solid growth for the economy,” said David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, adding that the prospect of an interest rate increase by the Federal Reserve “is not likely to derail the strong housing performance.”

Published
Sep 29, 2015
Manufactured Housing: The New Affordable Alternative

While the housing market is grappling with widespread affordability and supply, manufactured homes are gaining ground as a new alternative. 

Industry News
Dec 03, 2021
Angel Oak Home Loans Opens 3 New Branches

Continues expansion in Western U.S. with new branches in California, Nevada & Utah.

Industry News
Dec 02, 2021
Open Mortgage Names New President

Joe Stephenson, formerly of American Advisors Group, to lead daily operations.

Industry News
Dec 01, 2021
Homepoint Expands Refinance Program Offerings

Now offers Freddie Mac’s new refinance option, Refi Possible, making it easier for many homeowners with a Freddie Mac-owned mortgage to reduce their interest rate.

Industry News
Nov 30, 2021
Non-QM Lender Deephaven Hires Business Development VP

Dallas-based Tim Fisher charged with growing Deephaven’s correspondent business In Texas and surrounding states

Industry News
Nov 30, 2021
Biden Reappoints Powell As Federal Reserve Chairman

A signal that The Fed will continue its policies as inflation surges and economic uncertainty spikes due to an emerging variant of the coronavirus. 

Industry News
Nov 29, 2021