Here’s a city-by-city look at U.S. house prices in July, after the S&P/Case-Shiller 20-city composite showed a 0.6% advance.
The 20 cities exclude a few major metropolitan areas, including Houston and Philadelphia.
|City||Monthly price change (%)||12-month price change (%)|
• Seasonally adjusted, prices fell 0.2%. Prices usually climb in the spring-to-summer season.
• Since the March 2012 lows, the 20-city composite has climbed 35.7%, but it’s still down 12% from bubble-level highs.
• Miami, Tampa, Phoenix and Las Vegas have yet to make new all-time highs.
• Other house price indexes have reported a similar picture. The Federal Housing Finance Agency’s index, which only includes mortgages backed or sold to Fannie Mae and Freddie Mac, rose 5.8% over the 12 months ending July, while CoreLogic’s index grew 6.9% over the same time period.