U.S. Case-Shiller home prices up 1.6% in July
Last week’s Case-Shiller Index showed broad improvement in home prices in July, with a 1.6% price increase among the 20 metros followed by the index.
“The rate of annual decline in home price values continues to decelerate and we now seem to be witnessing some sustained monthly increases across many of the markets” says David M. Blitzer, Chairman of the Index Committee at Standard & Poor’s. “The two composites and all metro areas are showing an improvement in the annual rates of return, as seen through a moderation in their annual declines. Looking at the monthly data, the 10-City and 20-City Composites and 18 of the 20 metros areas increased in July.”
Download the report yourself by clicking here.
