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By Alexander Bueso
Date: Tuesday 30 May 2023
LONDON (ShareCast) - (Sharecast News) - Home prices in the States rose for a second straight month in March, helped by a dearth of available inventory, the results of a closely watched survey revealed.
The S&P Core Logic Case-Shiller Home Price Index increased at a month-on-month pace of 0.4% upon seasonal adjustment, Dow Jones Newswires reported.
Versus a year ago, price growth slipped from 2.1% in February to -0.7% for March - the first outright drop since May 2012.
"Two months of increasing prices do not a definitive recovery make, but March's results suggest that the decline in home prices that began in June 2022 may have come to an end," said Craig Lazzara, managing director at S&P Dow Jones Indices.
The Case-Shiller house price index for the 10 largest cities in the US slipped at a year-on-year pace of 0.8% in March, down from a 0.5% gain in February.
Another gauge for the 20 largest cities meanwhile dropped by 1.1% after rising by 0.4% in February.
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Currency | UK Pounds |
Share Price | 15,820.00p |
Change Today | -295.00p |
% Change | -1.83 % |
52 Week High | 17,685.00 |
52 Week Low | 11,665.00 |
Volume | 64,447 |
Shares Issued | 201.81m |
Market Cap | £31,926m |
Value |
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Price Trend |
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Income |
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Growth |
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Strong Buy | 6 |
Buy | 10 |
Neutral | 7 |
Sell | 2 |
Strong Sell | 0 |
Total | 25 |
Latest | Previous | |
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3rd Interim | 2nd Interim | |
Ex-Div | 13-Jun-24 | 14-Mar-24 |
Paid | 31-Jul-24 | 07-May-24 |
Amount | 79.00¢ | 79.00¢ |
Time | Volume / Share Price |
16:35 | 16,884 @ 15,820.00p |
16:35 | 38 @ 15,820.00p |
16:35 | 108 @ 15,820.00p |
16:35 | 443 @ 15,820.00p |
16:35 | 26 @ 15,820.00p |
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