Tuesday, March 26, 2013

Home Prices Soar at 8.1% Annually Highest in 6 years.

January was the second consecutive month-over-month increase in house prices and the eighth consecutive year-over-year increase.
According to the most recent release by Standard and Poor’s Case-Shiller 20-City Composite House Price Index rose by 0.1% on a not seasonally adjusted monthly basis and the 10-City Index rose by 0.2% on a not seasonally adjusted monthly basis. In the 12 months ending in January 2013, house prices rose by 8.1% according to the 20-City Composite Index and 7.3% according to the 10-City Composite Index.

 Year-over-year house price growth has been generally widespread. House prices have risen on a not seasonally adjusted 12 month basis in each city tracked by the 20-City Composite Index


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