Charlotte’s home prices rose 4.7 percent for year ended in October

WASHINGTON (Reuters) – U.S. home resales rose in May to a more than. The dearth of properties is keeping home prices elevated, sidelining some first-time buyers. The median house price soared 4.7.

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The S&P CoreLogic case-shiller home price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions. For a list of additional indices, please refer to the S&P CoreLogic Case-Shiller Home Price Index Methodology.

2 Home prices In October, median sales price rose to $426,475, a 3.2% increase over last year and a 1.5% increase over last month. This marks the 25th consecutive month of year-over-year price increases in the D.C. Metro area. Compared to last year, prices for single-family detached homes rose by 3.9% to $528,000,

In Charlotte, prices rose 4.7 percent. A limited supply of properties for sale has helped prop up home values, boosting the household wealth levels of U.S. homeowners in the process.

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Charlotte’s median sales price rose 11.1 percent to $230,000 in single-family homes and increased 17.9 percent to $178,000 in condos. Aside from a drop in the Manatee condo market, new listings.

Construction spending rose 1.4 percent in March. It was the biggest advance since last April and was helped by a rise in spending on home-improvement projects. The overall increase, however, came after building activity had fallen in February to the lowest level in in more than a decade.

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The S&P CoreLogic Case-Shiller 20-city home price index in the US rose 2.1 percent year-on-year in June 2019, easing from a 2.4 percent increase in the previous month and missing market expectations of 2.4 percent. It was the smallest annual gain in house prices since August 2012.

Despite dropping temperatures, October home sales eclipsed last month’s and October 2017’s totals. Despite dropping temperatures, October home sales eclipsed last month’s and October 2017’s totals.

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Year-over-Year Both the 10-City and 20-City Composites saw year-over-year increases in March. The 10-City Composite gained 4.7% year-over-year, while the 20-City Composite gained 5.0% year-over-year.

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