Sun Belt Leads Growth of U.S. Housing Prices

S&P Case-Shiller Home Price Index Up for 10th Straight Month

(firmenpresse) - CHICAGO, IL -- (Marketwire) -- 01/29/13 -- The continuing rise of U.S. home prices should provide support for consumer confidence in coming months, according to a commentary by BMO Economics. The S&P Case-Shiller home price index rose 0.6 per cent in November, or 5.5 per cent above levels seen a year ago.

"The Index has risen for ten consecutive months, with the 20 largest metropolitan areas seeing prices increase at the quickest pace in over six years," said Jennifer Lee, Senior Economist, BMO Capital Markets. "Fundamental factors -- such as still low borrowing costs, job growth and affordability -- are supporting the increases; foreign-buying, particularly in the Sun Belt regions, is a likely factor as well."

Prices rose on a seasonally-adjusted basis in November -- compared to the previous month -- in 18 of the 20 cities observed in the Index. "Phoenix prices are up 22.8 per cent from a year ago -- by far the largest gain of all the metropolitan areas in the Index," noted Ms. Lee. "Areas such as Las Vegas, L.A., Miami, San Francisco, San Diego and Tampa, where high foreclosures weighed heavily on home prices, have enjoyed a pickup in values for the last 9 to 10 months. As well, Chicago has now snapped a streak of three monthly losses."







Beth Copeland

(317) 269-1395

Internet:
Twitter: (at)BMOmedia

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: MARKETWIRE
Datum: 29.01.2013 - 17:30 Uhr
Sprache: Deutsch
News-ID 224128
Anzahl Zeichen: 0

contact information:
Town:

CHICAGO, IL

Kategorie:

Commercial & Investment Banking

Diese Pressemitteilung wurde bisher 185 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Sun Belt Leads Growth of U.S. Housing Prices"
steht unter der journalistisch-redaktionellen Verantwortung von

BMO Financial Group (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded F ...

TORONTO, ONTARIO -- (Marketwired) -- 02/15/17 -- BMO Asset Management Inc. ("BMO AM") today announced the February 2017 cash distributions for certain BMO Exchange Traded Funds (ETFs)(i) that distribute monthly. Unitholders of record of t ...

MEDIA ADVISORY: BMO Financial Group to Announce its First Quarter 2017 Results ...

TORONTO, ONTARIO -- (Marketwired) -- 02/07/17 -- BMO Financial Group will announce its first quarter 2017 financial results and hold its investor community conference call on Tuesday, February 28, 2017. Financial results will be issued in a news rel ...

BMO Annual RRSP Study: Canadians Using RRSPs to Fund Everyday Expenses and Debt ...

TORONTO, ONTARIO -- (Marketwired) -- 02/07/17 -- BMO Financial Group released the second installment of its annual RRSP study today showing that though funding a home purchase remains a top reason to withdraw from their RRSPs (30 per cent), Canadian ...

Alle Meldungen von BMO Financial Group