India Markets close in 1 hr 55 mins
  • BSE SENSEX

    40,186.45
    -499.05 (-1.23%)
     
  • Nifty 50

    11,778.60
    -151.75 (-1.27%)
     
  • USD/INR

    73.8630
    -0.0070 (-0.0095%)
     
  • Dow

    28,335.57
    -28.13 (-0.10%)
     
  • Nasdaq

    11,548.28
    +42.28 (+0.37%)
     
  • BTC-INR

    963,803.25
    -1,752.62 (-0.18%)
     
  • CMC Crypto 200

    262.04
    +0.58 (+0.22%)
     
  • Hang Seng

    24,918.78
    +132.68 (+0.54%)
     
  • Nikkei

    23,494.34
    -22.25 (-0.09%)
     
  • EUR/INR

    87.4000
    -0.2456 (-0.28%)
     
  • GBP/INR

    96.1120
    -0.2119 (-0.22%)
     
  • AED/INR

    20.0670
    0.0000 (0.00%)
     
  • INR/JPY

    1.4167
    +0.0023 (+0.16%)
     
  • SGD/INR

    54.3160
    -0.0900 (-0.17%)
     

S&P CoreLogic Case-Shiller: US Home Prices Rise 3.9% In July

News18
·1-min read

WASHINGTON: U.S. home prices rose at a faster pace in July as the housing market continued to show strength in the midst of the coronavirus outbreak.

The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 3.9% in July from a year earlier, up from a 3.5% annual gain in June.

The 20-city index excluded prices from the Detroit metropolitan area index because of delays related to pandemic at the recording office in Wayne County, which includes Detroit.

Phoenix (up 9.2%), Seattle (7%) and Charlotte, North Carolina (6%), reported the biggest year-over-year gains. Sixteen of the 19 cities saw prices rise at a faster pace than they did in June.

Helped by rock-bottom mortgage rates, the U.S. housing market has largely withstood the economic fallout from the COVID-19 outbreak.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor