Daniel Acker | Bloomberg | Getty Images
Domestic real estate prices are rising again, but some of the largest cities are lagging behind. This may be due to already overheated prices in these cities as well as new tax laws that limit the amount of deductions homeowners can afford CoreLogic Case-Shiller National Home Ownership Index. Prices in the country's top 10 cities rose 1.5% from 1.6% in July. In the 20-city index, prices were 2% higher than in the previous month.
Seven of the 20 largest cities reported higher price increases in August than in July.
"Under the heading of the National Index, there may be a shift in regional leadership," said Philip Murphy, Managing Director and Global Head of Index Governance at S & P Dow Jones Indices. "Phoenix saw its YY price rise to 6.3% and maintained its leading position."
Las Vegas, however, fell from second to eighth among the cities of the 20-city network, falling from 4.7% to 4.7%. Annual growth in July to only 3.3% in August.
"If you look at how property prices have been going up lately, the appreciation rate is closer to what we thought was normal for many years." Over the past decades, when prices rose 3 to 5% per year, We found that this was a pretty good appreciation, "said Janet Carpenter, president of the Greater Las Vegas Association of Realtors. "Given continued strong demand and a continued tight housing supply on the ground, I would not be surprised if this trend continues in the foreseeable future."
Three of the four major cities for price increases were in the southeast. In Charlotte, North Carolina, Tampa, Florida and Atlanta, prices rose 4.5%, 4.3% and 4% respectively, more than the national average. Seattle recorded a slight annual price increase (0.7%) after three consecutive months of negative annual price changes. San Francisco replaced it as the only city with a negative annual rate (-0.1