It’s hard to imagine a better run than this, because it seemed fairly orderly while it was happening. Back in 2003-2004 it was out of control:
Month | ||
March ’13 | ||
April ’13 | ||
May ’13 | ||
June ’13 |
A month ago, Zillow predicted that June’s 20-city national index would be 12.1% – and they hit it on the money. LINK HERE
Case-Shiller Home Price Index: San Diego, CA data by YCharts
Prices to taper:
http://blogs.wsj.com/developments/2013/07/08/why-home-price-gains-will-slow-amid-higher-mortgage-rates/
Zillow’s Home-Value Index in June rose 5.8% year-over-year, which they combined with May’s Case-Shiller to predict today’s 12.1 Case-Shiller Index for June.
http://www.zillowblog.com/research/2013/07/22/2013-spring-selling-season-was-hottest-since-2004-as-recovery-accelerates-widens/
Zillow’s Home-Value Index for July was 6.0%, so when Case-Shiller releases their July index next month, it might have some spring left in its step.
http://www.zillow.com/local-info/