Magazine article American Banker

Surveys Differ on Direction of Home Prices

Magazine article American Banker

Surveys Differ on Direction of Home Prices

Article excerpt

Two surveys on home values released last week have uncovered slightly different data: One says prices have remained virtually unchanged in 1995, and the other sees a moderate increase.

The TRW Redi Property Data repeat sales index, based on recorded deeds in more than 100 major U.S. metropolitan areas, shows that home values declined 0.7% in July 1995 from a year earlier.

Additionally, the report shows that homes are worth just 1.8% more than they were in 1990, far below the inflation rate.

In sharp contrast, the Case Shiller Weiss Inc. home value study shows prices jumping 7.2% from January 1990 through June 1995, with a 1.9% increase last year. Of that 1.9%, most of the growth (1.4%) occurred from March to June 1995.

According to the Case Shiller Weiss study, the Rocky Mountain region has seen the most significant growth in home values growth since 1990, with prices increasing 29.6% in that time period and 6. …

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