A monthly report from a real estate analytics company shows that housing prices across the country are surging, with the firm reporting a record 16.6% gain.
This may not be surprising to people that follow the Sarasota-Bradenton area’s real estate market, as the median price for a single-family property has shot above $400,000 in recent months.
CoreLogic’s Case-Shiller Indices, a leading measure of U.S. home prices, takes three data sets the company follows and boils them down to attempt to measure changes in the total value of all existing single-family housing stock.
CoreLogic releases a report every month, with May’s data being released Tuesday.
“A month ago, I described April’s performance as “truly extraordinary,” and this month I find myself running out of superlatives,” said Craig J. Lazzara, managing director and global head of index investment strategy at S&P DJI. “The 16.6% gain is the highest reading in more than 30 years of S&P…