Home prices increase 3.8% in December, per S&P Case-Shiller

A true estate agent readies a house for viewing in Venice, Calif.

Anne Cusack | Los Angeles Occasions | Getty Photographs

The housing sector heated up at the finish of 2019, and that was mirrored in rising gains in residence values.

In December, residence selling prices rose 3.eight% on a yearly basis on the S&P CoreLogic Situation-Shiller Countrywide Dwelling Cost Index. That is up from the 3.five% obtain in November. The 10-metropolis composite elevated two.four% on a yearly basis, up from two% in the previous month. The twenty-metropolis composite rose two.9%, up from two.five% in the previous month.

Foremost the record of metropolitan areas with the premier gains were Phoenix, Charlotte and Tampa. Dwelling selling prices in Phoenix were up 6.five% year over year, adopted by Charlotte with a five.3% improve and Tampa, wherever selling prices were five.two% greater. Twelve of the twenty metropolitan areas observed even bigger rate improves

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