Las Vegas, Phoenix and Tampa, Florida, reported the highest year-over-year gains among the 20 cities in the Case Shiller Index. In May, Las Vegas saw a 6.4% annual price increase, followed by Phoenix with a 5.7% increase, and Tampa with a 5.1% increase. Seven of the 20 cities reported greater price increases in the year ended in May 2019 versus the year ended in April 2019.
The median existing-home price in June reached an all-time high of $285,700, up 4.3% from June 2018 ($273,800), according to the National Association of Realtors.
Nationally, house prices are still in bull trend?
The seven cities with home prices seeing bigger annual gains are Los Angeles; San Diego; Washington, D.C.; Detroit; Minneapolis; Charlotte, North Carolina; and Cleveland.
Monitoring of prices for MSA is too broad. For example, prices in Austin MSA has been declining but prices in NW Austin/Suburbs are still climbing.
When cities like Vegas, Phoenix and Tampa are the leaders it feels like the end of the bull cycle.
Even worse stocks are sinking and bitcoins rising. Apocalypse