College Tuition And House Prices Climbing Fast (Case-Shiller House Price Index Up 0.89% In June)

Confounded Interest ^ | 08/27/2013 | Anthony B. Sanders

[whitedog57]

The S&P Case-Shiller repeat sales house price index for 20 metro areas rose 0.89% in June, and rose 12.07% YoY. Now THAT is a big increase in house prices!

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House prices are back to October 2008 levels.

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But Case-Shiller was no surprise if you follow CoreLogic’s Loan Performance HPI that came out earlier.

Atlanta was the leader on major metro areas in June.

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And Washington DC is the worst performing major metro (but still up 1% in June).

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House prices continue to rise despite flat-lined mortgage purchase applications.

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Inflation in college tuition is rivaling the increase in house prices.

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[whitedog57]

Thanks Bernanke and Obama!

[grania]

Does the increase in house prices reflect more valuable houses being sold? Or, does it reflect identical houses going up in price last month?

If college expenses are going up, it's because students are still getting loans to go to college. I can't be sympathetic....they should know better by now.