US home prices soar at record pace in June
WASHINGTON – U.S. home prices jumped by a record amount in June as homebuyers competed for a limited supply of available houses, the latest evidence that the housing market remains red-hot.
The S&P Corelogic Case-shiller 20city home price index soared 19.1% in
June compared with a year earlier, the largest increase on records dating back to 2000. The annual price gains in June were higher in all 20 cities than they were in May. Prices are now at record highs in 19 of the 20 cities, with the exception of Chicago.
“The last several months have been extraordinary not only in the level of price gains, but in the consistency of gains across the country,” said Craig
Lazzara, managing director of index investment strategy at S&P DJI.
There are signs that the high prices are cooling sales a bit. Sales of existing homes rose 1.5% in July from a year earlier, a separate report showed last week. That’s a much slower pace than the previous month. And the number of contracts signed to buy homes, a leading
12,000 units in 100 cities in 16 states.
The City Attorney’s office said in its motions that the complex has failed to install working cameras, even after telling the city that “most of the cameras were up and running now.” An examination by Columbus police on Aug.18 showed 43 of 84 cameras on the grounds of the complex were working. The court’s order had required a plan for the cameras to be working, or the cameras to actually be working, by Aug. 18.
Since the Aug. 3 order, city officials said there have been six calls to 311 about new code violations and five code violations issued at the complex, two of which were emergencies.
Documents attached to the court records show that on Aug. 10, multiple code violations were reported at an apartment unit on Rand Avenue in the complex. The violations included the bathroom floor not being watertight, water
stains on the ceiling and an “unstable floor.”
On Aug. 20, an apartment on the 3500 block of East Livingston Avenue in the complex had a violation for a piece of drywall hanging in the living room, evidence of cockroaches within the kitchen area, water damage and a missing piece on the unit’s water heater. On the same day and in the same apartment,
the city issued an emergency order about “standing water and/or sewage” in the unit’s bathtub.
Four days later, on Aug. 24, the city issued an order to vacate a unit on Allendale Drive where the living room ceiling had collapsed and sections of the floor had buckled. bbruner@dispatch.com @bethany_bruner