Housing Prices In The US Showed The Biggest Increase Since 2006

Housing prices in the us at the highest since 2006. Housing prices in the country have recorded the highest increased since 2006.

Housing prices in the USA showed the biggest increase since 2006, with the effect of historical low housing loan rates in January. The S&P CoreLogic Case-Shiller national housing price index rose 11.2 percent. This is on record as the biggest increase since February 2006. The median estimate of economists surveyed by Bloomberg was 10.5 percent. In December, the index had increased by 10.4 percent. The housing price index in 10 cities increased by 10.9 percent in January, while the increase was 9.9 percent in December. The housing price index in 20 cities also increased by 11.1 percent annually, from the previous 10.2 percent. The largest annual increase was in Phoenix with 15.8 percent, followed by Seattle with 14.3 percent and San Diego with 14.2 percent. It was stated that the record low interest rates also supported the housing market.