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.
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Even worse stocks are sinking and bitcoins rising. Apocalypse