The Case-Shiller Home Price Index, which is considered the “gold standard” for appreciation, showed home prices nationwide rose 0.2% from June to July after seasonal adjustment, breaking the previous month’s all-time high. Home values in July were also 5% higher than a year earlier, following a 5.5% gain in June.
S&P DJI’s Head of Commodities, Brian D. Luke, explained, “Accounting for seasonality of home purchases, we have witnessed 14 consecutive record highs in our National Index.” Despite the negative media, national home prices continue to move higher and provide a significant wealth creation opportunity.
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