Tuesday, June 29, 2010

Case-Shiller Index: Existing Home Prices Rise 0.8%, Up 3.8% from Year Ago

According to the twenty-city Case-Shiller Index, existing home prices rose in April by 0.8% on a non-seasonally adjusted basis. The ten-metro area index rose by 0.7%. Prices were likely bolstered in April by increased home sales related to the home buyer tax credit. From a year prior, the ten-city index was up 4.6% and the twenty-city index was up 3.8%. This is a new cyclical high and is the third consecutive month for both indices where the year-over-year change was positive.

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