Case-Shiller: House Prices increased 4.3% year-over-year in October

Dec 26, 2012

The S&P/Case-Shiller index of property values in 20 cities increased 4.3% from October 2011, the biggest 12-month advance since May 2010. Remember the spring of 2010 was skewed due to the tax credit being given at that time.  Estimates were for an increase of 4.0%. Home prices adjusted for seasonal variations rose 0.7% in October from the prior month, with 17 of 20 cities showing gains. Las Vegas showed the biggest gain with a 2.4% advance, followed by San Diego with a 1.7% increase. Property values dropped the most in Chicago, which fell 0.7% over the month.

This  is positive news for the housing market.

Sustained Recovery in Home Prices According to the S&P/Case-Shiller Home Price Indices

 

 

 

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