AddThis

Home price index jumps

The Standard & Poor/Case-Shiller Home Price Indices included some good news for the housing market, as 10- and 20-city composites hit the highest year-over-year gains since March 2006.  

“Home prices continue to strengthen,” said David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices. “Two cities -- Dallas and Denver -- set new highs, surpassing their pre-crisis levels and five cities -- Atlanta, Chicago, San Diego, San Francisco and Seattle -- posted monthly gains of over 3%, also a first-time event.”

Compared with a year ago, the 20-city composite increased 12.2%. On a month-to-month basis, the index increased 2.6%.

The growth was across the board. In fact, the data through the end of May shows that 20 cities measured by the index increased from May 2012 to May 2013 -- and also from April 2013 to May 2013.


Want to read more?
This content is available only to registered users. Log in to read the rest of this article or create a free account.
© 2014 Home Channel News. All Rights Reserved.