Nevada City Virtual Tour

Tuesday, November 20, 2012

Home Prices Continue Upward Trend in August

Home Prices Continue Upward Trend in August

Home prices in August rose across a broad swath of large American cities, adding further evidence that a housing recovery is taking shape. The Standard & Poor’s/Case-Shiller home price index for the 20 largest metropolitan areas in the country rose 0.9 percent from July and 2 percent from August 2011. It was the fifth consecutive month-over-month increase and the third consecutive year-over-year bump. Nineteen areas tracked by the index posted gains over July and 17 posted year-over-year increases. The closely tracked index showed home prices down 29.3 percent from their July 2006 peak

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