The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index shows home prices rose 5.4% in June year-over-year, marking a record high in the U.S.
Brian D. Luke highlighted that before inflation, home prices surged over 1,100% since 1974, but only slightly over doubled (111%) when accounting for inflation.
The index reflects that while certain cities like San Diego, Los Angeles, and Miami have seen significant price increases, Detroit remains the worst performer with a modest rise.
With San Diego experiencing a population boost and median household income exceeding the national average, the city exemplifies strong housing demand despite varying national trends.
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