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Housing Market: US: Difference between revisions
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=== June 2023 === | === June 2023 === | ||
“June is the fifth consecutive month in which home prices have increased across the U.S. With 2023 half over, the National Composite has risen 4.7%, which is slightly above the median full calendar year increase in more than 35 years of data. We recognize that the market’s gains could be truncated by increases in mortgage rates or by general economic weakness, but the breadth and strength of this month’s report are consistent with an optimistic view of future results.” | “June is the fifth consecutive month in which home prices have increased across the U.S. With 2023 half over, the National Composite has risen 4.7%, which is slightly above the median full calendar year increase in more than 35 years of data. We recognize that the market’s gains could be truncated by increases in mortgage rates or by general economic weakness, but the breadth and strength of this month’s report are consistent with an optimistic view of future results.”<ref>https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20230829-1465822/1465822_cshomeprice-release-0829.pdf</ref> | ||
* Before seasonal adjustment, the U.S. '''National Index posted a 0.9% month-over-month increase in June''', while the 10-City and 20-City Composites also posted like increases of 0.9%. After seasonal adjustment, the U.S. National Index posted a month-over-month increase of 0.7%, while the 10-City and 20-City Composites both posted increases of 0.9%. | * Before seasonal adjustment, the U.S. '''National Index posted a 0.9% month-over-month increase in June''', while the 10-City and 20-City Composites also posted like increases of 0.9%. After seasonal adjustment, the U.S. National Index posted a month-over-month increase of 0.7%, while the 10-City and 20-City Composites both posted increases of 0.9%. | ||