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Post Info TOPIC: Home Prices on the Rise
TW


Learning to Fly

Status: Offline
Posts: 49
Date: Jul 31 01:10:56 2009
Home Prices on the Rise


Home prices posted an unexpected increase, the first since 2006.  The latest signs show that the market is beginning to stabilize.

Although the S&P 500's pricing index, of twenty cities, revealed that the average price rose by 1/2 a percent compared to the previous month, it is still down more than 17 % compared to a year ago.

The ten city home index jumped almost a 1/2 percent and was still down nearly 17 % compared to the year before.  The was the 4th straight month where both indexes avoided posting record declines.  Home prices have not been at this level since 2003.

 



-- Edited by TW on Friday 31st of July 2009 01:12:15 AM

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