According to the Standard & Poor’s/Case-Shiller Home Price Indices, home prices posted their first annual increase in three years. S&P’s 10-city index was up 1.4 percent from February 2009 and the 20-city index was up 0.6 percent. Despite the year-over-year gains, David Blitzer, chairman of the S&P index committee, warned that it’s too early to say the market is recovering. Home prices are up 3 percent from their bottom, but are still down more than 30 percent from their 2006 peak. More here and here.
Theresa Springer’s Blog
Home Prices See First Annual Increase Since 2006
April 27, 2010
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