Friday, December 21, 2012

Home Prices Rose For Sixth Month, Survey Shows | Synopsis

Home Prices Rose For Sixth Month, Survey Shows

Excerpt:

The nation's housing market continues to improve, according to the latest look at home prices across the nation from the analysts who put together the S&P/Case-Shiller Home Price Indices. "Home prices rose in the third quarter, marking the sixth consecutive month of increasing prices," David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, says in the report, which was released this morning. In September, he adds, "all three headline composites and 17 of the 20 cities gained over their levels of a year ago. Month-over-month, 13 cities and both Composites posted positive monthly gains." According to Blitzer, "Phoenix continues to lead the recovery with a 20. 4 percent annual growth rate. ... At the other end of the spectrum, Chicago and New York were the only two cities to post annual declines of 1. 5 percent and 2. 3 percent respectively and were also down 0.

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David Blitzer

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