Housing prices across the US are surging, a real estate analytics company reports


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.

Homes under construction in the Lakehouse Cove at Waterside development in Lakewood Ranch. Lakewood Ranch has sold more homes this year than any community in the nation.

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…

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