Western Cities Lead Home Price Gains
ByNetwork with the nation’s top CRE dealmakers at RealShare APARTMENTS in Los Angeles on Oct 21-22,RealShare INDUSTRIAL in Atlanta on Nov 3-4, RealShare NEW LEASE WEST in Los Angeles on Nov 11-12 andRealShare HEALTHCARE REAL ESTATE in Scottsdale, AZ on Dec 2-3.
Sunbelt cities have to reach all-time highs in home prices, says Blitzer.
NEW YORK CITY—Although home prices rose across all regions of the country in July, the real gainers for the month were west of the Mississippi, S&P Dow Jones Indices said Tuesday. San Francisco, Denver and Dallas reported the highest year-over-year gains in theS&P/Case-Shiller 20-City Composite index, while 14 cities in the index reported greater Y-O-Y gains in July than in June.
With Y-O-Y gains of 10.4% and 10.3%, respectively, San Francisco and Denver are the only cities with a double-digit increase, according to S&P Dow Jones. Phoenix reported an increase of 4.6% Y-O-Y in July, representing the longest streak in consecutive annual gains at eight months. Boston’s Y-O-Y increase rose to 4.3% from 3.2% in June, for the biggest increase in Y-O-Y gains this month…
