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Tuesday, October 29, 2013

Home Prices Continued Improvements in August

According to the Case-Shiller’s 20-city index, existing home prices rose 1.3% in August. Gains from one year ago accelerated, with the 20-city index rising 12.8% above its August 2012 pace. August’s year-ago gain is the strongest since early 2006. The 10-city index improved at the same pace as the 20-city index, growing 1.3% over the month and 12.8% from year ago levels.



Continuing a trend since January, all metro regions reported gains on a year-ago basis. The growth isn’t consistent across the board, ranging from a 3.6% year-over-year price gain in New York to a 29.2% increase in Las Vegas.



The 20-city index still remains 20.3% below its peak in July 2006.

Read the Standard and Poor release.

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