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US, S&P Case-Shiller home price index accelerates for seventh consecutive month


(Teleborsa) – US house price growth widens in December 2020. According to Standard & Poor’s, l’indice S&P Case-Shiller, which measures price trends in the top twenty US metropolitan areas, highlighted a increase on an annual basis of 10.1% compared to + 9.2% the previous month (revised figure from + 9.1%). The figure is also higher than the consensus (+ 9.9%).

His monthly basis an increase of 0.8% was recorded after the + 1.1% of the previous month. The seasonally adjusted index reported a 1.3% rise after + 1.5% in October. Phoenix, Seattle and San Diego are the cities with the largest increases year-over-year.

“The price acceleration that began in June 2020 has now reached its seventh month,” he commented Craig J. Lazzara, global head of investment strategy for the S&P Dow Jones Indices – The 10.4% increase in 2020 marks the better performance of house prices in a calendar year since 2013“.

The data collected by S&P “is consistent with the idea that Covid has encouraged potential buyers to move from urban apartments to suburban homes – he added – This could indicate a secular change in the demand for housing, or it could simply represent an acceleration of the movements that would have occurred in the next few years “.

(Foto: by Samson Creative on Unsplash)

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