Home Price Growth Acceleration Approaches July 2006 Peak Levels

October 26, 2016

House prices continue to accelerate and now approach levels experienced during the boom a decade ago.

Zillow released the September edition of its Case-Shiller forecast, which consists of a national index and both smaller 10 and 20-city indices. The last two years has seen steady growth of around five percent annually. The national index is just 0.1 percent away from peak July 2006 levels.

The September Case-Shiller National Index is expected to grow 5.4 percent year-over-year and 0.7 percent month-to-month (seasonally adjusted). We expect the 10-City Index to grow 4.3 percent year-over-year and 0.3 percent (SA) from July. The 20-City Index is expected to grow 5.1 percent between September 2015 and September 2016, and rise 0.4 percent (SA) from August.

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