NEW YORK (Reuters) - U.S. single-family home prices rose in July on a year-over-year basis but fell short of expectations, a closely watched survey said on Tuesday.
The S&P/Case Shiller composite index of 20 metropolitan areas gained 6.7 percent in July year over year, shy of expectations for a 7.5 percent rise.
On a seasonally adjusted monthly basis, prices in the 20 cities fell 0.5 percent in July. A Reuters poll of economists had forecast a flat reading.
Non-seasonally adjusted prices rose 0.6 percent in the 20 cities on a monthly basis, disappointing expectations for a 1.1 percent rise.
"The broad-based deceleration in home prices continued in the most recent data," David Blitzer, chairman of the index committee at S&P Dow Jones Indices, said in a statement.
"While the year-over-year figures are trending downward, home prices are still rising month-to-month although at a slower rate than what we are used to seeing over the past couple of years."
A broader measure of national housing market activity that S&P/Case-Shiller is now releasing on a monthly basis rose at a slower pace year over year, coming in at 5.6 percent.
The seasonally adjusted 10-city gauge fell 0.5 percent in July versus a 0.2 percent decline in June, while the non-adjusted 10-city index rose 0.6 percent in July compared to a 1.0 percent rise in June.
Year over year, the 10-city gauge also rose 6.7 percent.
(Reporting by Sam Forgione; Editing by Chizu Nomiyama)
FIND OUT MORE ABOUT 'BEN Latest News'
'Like us on Facebook'
http://www.facebook.com/pages/BEN-Latest-News/443681719077160
'Follow us on Twitter'
www.twitter.com/benlatestnews
For Advertisment and Partnering with us contact the CEO on:
BEN Latest News™
BB PIN: 260158B5
Skype: cwizard123
Phone: (+234)-807-591-2014
Work: (+234)-903-027-0566
Mobile: (+234)-818-505-0866
BizLine:(+234)-812-595-5300
Email: cwizard123@gmail.com
BLNs: benlatestnews@gmail.com
On: Facebook, Twitter | LinkedIn - cwizard123
Tuesday, 30 September 2014
Home »
» TOP NEWS U.S. home prices rise less than expected in July: S&P/Case-Shiller
TOP NEWS U.S. home prices rise less than expected in July: S&P/Case-Shiller
13:51
No comments
Related Posts:
“Pay Me Good Money And I will Act Naked” – Actress Chelsie EdogunShe will only undress for the camera if the pay is huge. Actress Chelsea Edogun The first reaction that will come into the minds of movie watchers will be to ask who she is, but upcoming Nollywood actress, Chelsea Edogun, su… Read More
Khloe Kardashian in Love With The Game?Mum Kris Jenner Seems Okay With This Little Kardashian is kissing ex beau Lamar Odom final farewell. Khloe Kardashian, The Game & Kris Jenner attend Tru Nightclub in Hollywood [Feb.11] Khloe Kardashian ditching Lamar O… Read More
White TV Reporter Erroneously Refers to Samuel L. Jackson as Lawrence Fishburne"I'm Not Laurence Fishburne" - Samuel Jackson FiresEven a blind man could tell the difference, right guys?Samuel L. Jackson yells at TV reporter - I'm not Laurence Fishburne!Samuel L. Jackson (l) &… Read More
Darey Art Alade Shares "I Cried At Love Like A Movie Concert 2013"What can possibly make Nigeria's sweetheart shed a tear? Darey Art-Alade says Love Like A Movie II will be "Full Of Surprises". (with VJ Joan)(Pulse.ng) Darey Art-Alade promises Love Like A Movie Concert 2014 … Read More
Rihanna Goes Bankrupt?RiRi Blames Accountant For Mismanagement Of Funds Gunning down 9 million dollars in one year is no small issue, but did she do that? Rihanna blames acoountant for bankruptcy in 2009(NicoleBitchie) Rihanna declares bankrupt… Read More
0 comments:
Post a Comment