Home prices in August rose from a year earlier but weakened from the month before. The Standard & Poor’s/Case-Shiller Home Price Indices shows the 10-City Composite up 2.6 percent and the 20-City Composite up 1.7 percent from August 2009. The 20-city index has gained 6.7 percent from its bottom in April 2009 but is down 28 percent from its July 2006 peak. Month-over-month, the 10-City Composite was down 0.1 percent and the 20-City Composite was down 0.2 percent. David M. Blitzer, chairman of the index committee at Standard & Poor’s, said it was a disappointing report that indicates slowing growth after consistent gains since prices hit their bottom in the spring of last year. More here and here.
Theresa Springer’s Blog
Home Prices Gain From A Year Ago
October 26, 2010
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