Even though real estate is local and the local real estate market here in South East PA has not had the difficulties experienced by other parts of the country this article from the CRS update news passes along some positive news about housing statistics.......Home Prices Continue to Rebound
U.S. home prices edged higher for the fourth consecutive month, according to the latest S&P/Case-Shiller Home Price Index. Both the 10-City and 20-City Composites rose 0.9 percent in July over June, and 17 of the 20 markets surveyed also posted monthly increases. Only Phoenix and Las Vegas posted home price declines for the month, while Denver remained unchanged.
On an annual basis, the 10-City and 20-Cty Composites recorded home price declines of 3.7 percent and 4.1 percent, respectively in July 2011 over the same month a year earlier. Eighteen of the markets surveyed also posted declines, with Minneapolis experiencing the biggest annual decline of 9.1 percent. Only Detroit and Washington, D.C., posted home price increases of 1.2 percent and 0.3 percent, respectively. Tue, Sep 27, 2011
U.S. home prices edged higher for the fourth consecutive month, according to the latest S&P/Case-Shiller Home Price Index. Both the 10-City and 20-City Composites rose 0.9 percent in July over June, and 17 of the 20 markets surveyed also posted monthly increases. Only Phoenix and Las Vegas posted home price declines for the month, while Denver remained unchanged.
On an annual basis, the 10-City and 20-Cty Composites recorded home price declines of 3.7 percent and 4.1 percent, respectively in July 2011 over the same month a year earlier. Eighteen of the markets surveyed also posted declines, with Minneapolis experiencing the biggest annual decline of 9.1 percent. Only Detroit and Washington, D.C., posted home price increases of 1.2 percent and 0.3 percent, respectively. Tue, Sep 27, 2011
