This news has been received from: breitbart.com

All trademarks, copyrights, videos, photos and logos are owned by respective news sources. News stories, videos and live streams are from trusted sources.

Homes prices across America surged in December, typically the slowest month for the housing market.

Home prices rose 10.4 percent compared with a year earlier, according to the S&P CoreLogic Case-Shiller Home Price Index.

That is the strongest growth rate since 2014 and represents an acceleration of home price gains from November’s 9.

5 percent.

Phoenix, San Diego, and Seattle experienced the highest year-over-year gain. Phoenix home prices were up 14.4 percent. Seattle prices were up 13.6 percent. San Diego price rosse 13 percent.

The 10-city composite index rose 9.8 percent, which followed November’s 8.9 percent. The 20-city composite rose 10.1 percent, up from 9.2 percent.

“These data are consistent with the view that COVID has encouraged potential buyers to move from urban apartments to suburban homes. This may indicate a secular shift in housing demand, or may simply represent an acceleration of moves that would have taken place over the next several years anyway,” said Craig J. Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P DJI.

 

News Source: breitbart.com

Tags: on the hill b inspired on the hill b inspired cuomo coverup emperor biden amnesty watch communist china coronavirus flight from the cities home prices housing real estate home prices home prices

Buster Posey shines, fans return to Scottsdale Stadium, Giants lose Cactus League opener

Next News:

US spending on construction projects rises 1.7% in January

SILVER SPRING, Md. (AP) — Spending on U.S. construction projects rose 1.7% in January as new home building continues to lift the sector.

Last month’s increase followed small revised gains in December and November.

Spending on residential construction rose 2.5% in January, with single family home projects up 3%, the Commerce Department reported Monday.

Despite an economy that’s been battered for nearly a year because of the coronavirus pandemic, historically low interest rates and city dwellers seeking more space in the suburbs and beyond has boosted home sales. Last week, the Commerce Department reported that sales of new homes jumped 4.3% in January, and are 19.3% higher than they were last year at this time.

In a separate report, the government reported that applications for building permits, which typically signal activity ahead, spiked 10.4% in January.

Spending on government projects, which has been constrained by tight state and local budgets in the wake of the pandemic, rose 1.7%.

Copyright © 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Other News

  • Real estate stocks have held up even as yields soar. One ETF manager explains why
  • Sue Bird officially re-signs with Storm for 20th season
  • Closing prices for crude oil, gold and other commodities
  • Construction Spending Booms: Single-Family Homes Up 24.2%
  • Seattle Teachers' Union Balks at School Return Plan
  • Dead Island 2, game announced in 2014, not coming to PlayStation 4 and Xbox One – Latest News, Breaking News, Top News Headlines
  • Ferrari Could Have Taken Us: Williams Names Most Painful Race as F1 Team Boss
  • Seahawks Make Coaching Changes, Hire Ex-Seattle Starter: Report
  • Bears Starter Could Be X-Factor in Potential Russell Wilson Trade
  • Not just Tesla: Tech analyst says electric vehicle stocks could soar 50% this year
  • Bears Gaining Momentum, Remain Top Contender for Russell Wilson: Report
  • Sneaky bitcoin operations in China soar again, worrying regulators
  • Researchers build the fastest laser-based random number generator
  • Cloud Tech Use in Forex Trading to Soar by 2025: Survey
  • New Orleans mayor makes pitch to Russell Wilson to join Saints
  • Cowboys Source Gives Ruling on Russell Wilson Trade: Report
  • Durham ace pleased with Northern Ireland’s Euros prep work as Wildcats keep pace with Leicester
  • California revenues soar as rich get richer during pandemic
  • California Tax Revenues Soar as Rich Get Richer Despite Pandemic