US Home Prices Rise Above Jul 2006 Levels, Hit New Record High

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zerohedge.com / by Tyler Durden / Nov 29, 2016 11:06 AM

Almost accurately 10 years after a final housing burble burst, unleashing a thespian pile-up in US genuine estate prices – something Ben Bernanke had pronounced in 2005 would be unprecedented, and is so not a risk cause – currently Case Shiller reported that as of September, a Index covering all 9 U.S. census divisions, surpassed a rise set in Jul 2006 as a housing bang surfaced out, and in doing so a normal home cost has now climbed behind above a record reached some-more than a decade ago, bringing to a tighten a misfortune duration for a housing marketplace given a Great Depression.

The normal home cost for Sep was 0.1% above a Jul 2006 rise in favoured terms. The National index reported a 5.5% annual benefit in September, adult from 5.1% final month. The 10-City Composite posted a 4.3% annual increase, adult from 4.2% a prior month. The 20-City Composite reported a year-over-year benefit of 5.1%, unvaried from August.

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