The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 19.7% annual gain for July, 2021, which they say is a record high. Their 10-City Composite annual increase came in at 19.1% and their 20-City Composite posted a 19.9% year-over-year gain.
"We have previously suggested that the strength in the U.S. housing market is being driven in part by a reaction to the COVID pandemic, as potential buyers move from urban apartments to suburban homes. July's data are consistent with this hypothesis..."
Click here to read the full report at S&P Dow Jones Indices.
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