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Case-Shiller: Home Prices Extend Their Gains

NEW YORK CITY—"Continued low mortgage rates, tight supplies and an improving labor market" all supported the biggest annual increase in home prices since the summer of 2014, says S&P Dow Jones' David M. Blitzer.

By Paul Bubny | Updated on January 26, 2016

NEW YORK CITY—Three cities west of the Mississippi have reached new all-time highs for home prices, S&P Dow Jones Indices said Tuesday. Dallas, Denver and Portland, OR reached new peaks as home prices in all 20 cities measured by the S&P/Case-Shiller Home Price Indices increased this past November after seasonal adjustment. The 5.3% annual increase in the US National Home Price Index was the highest since July 2014.

The year-over-year champion at 11.1% was Portland, OR, which also has been a Y-O-Y leader in apartment rents. Oregon’s largest city was followed by San Francisco at 11.0% and Denver at 10.9%; all three have topped the ranks of Y-O-Y gains for several months running.

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