Major City Housing Price Percentage Increases (rent, home, prices)

[theTelecommuter]

S&P CoreLogic Case-Shiller Index Shows Annual Home Price Gains Increased to 5.7% in August

Link: https://www.spglobal.com/spdji/en/in...-57-in-august/

"YEAR-OVER-YEAR
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.7% annual gain in August, up from 4.8% in the previous month. The 10-City Composite annual increase came in at 4.7%, up from 3.5% in the previous month. The 20-City Composite posted a 5.2% year-over-year gain, up from 4.1% in the previous month.

Phoenix, Seattle and San Diego reported the highest year-over-year gains among the 19 cities (excluding Detroit) in August. Phoenix led the way with a 9.9% year-over-year price increase, followed by Seattle with an 8.5% increase and San Diego with a 7.6% increase. All 19 cities reported higher price increases in the year ending August 2020 versus the year ending July 2020."

“Phoenix’s 9.9% increase topped the league table for August; this is the 15th consecutive month in which Phoenix home prices rose more than those of any other city. Seattle (8.5%) once again took the silver medal, with San Diego (7.6%) in third place. It’s a measure of housing’s strength that even the worst-performing cities, Chicago (1.2%) and New York (2.8%), did better in August than in July. Prices were strongest in the West and Southeast regions, and comparatively weak in the Midwest and Northeast.”

The link above goes to a page that contains a link at the bottom to download the full report.

Here are the top 10ish metros from the report (info was released Oct 27th 2020):

Phoenix - 9.9%
Seattle - 8.5%
San Diego - 7.6%
Tampa - 6.9%
Cleveland - 6.9%
Los Angeles - 6.8%
Charlotte - 6.7%
Portland - 6.2%
Minneapolis - 5.8%
Washington - 5.7% - National Avg
Boston - 5.7% - National Avg

[kimumingyu]

Very cool, thank you for sharing.

Interesting that Detroit is likely last, and Chicago is second to last, but fellow Rust Belt city, Cleveland, has the fifth largest growth. Cleveland also has seen some of the top increases in rent over the past year I've seen. I wonder what's behind that?

[Gaylord_Focker]

As someone who may retire in Chicago one day this makes me happy

[rnc2mbfl]

Originally Posted by kimumingyu

Very cool, thank you for sharing.

Interesting that Detroit is likely last, and Chicago is second to last, but fellow Rust Belt city, Cleveland, has the fifth largest growth. Cleveland also has seen some of the top increases in rent over the past year I've seen. I wonder what's behind that?

The answer may be in the longer term trends. If prices were significantly depressed and devalued, then growth might have been inevitable. It's just a guess on my part.