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Home Prices Increase For First Time In Eight Months

By
Real Estate Agent with Real Estate eBroker Inc.

    Data through April 2011 show a monthly increase in home prices for the 10- and 20-City Composites for the first time in eight months, according to the S&P/Case-Shiller Home Price Indices. The 10- and 20-City Composites rose 0.8 percent and 0.7 percent, respectively, in April compared with March. Both indices are lower than a year ago; the 10-City Composite declined 3.1 percent and the 20-City Composite is down 4 percent from April 2010 levels.

    As of April 2011, average home prices nationwide are back to the same levels as in the summer of 2003. Measured from their peaks in June/July 2006 through April 2011, the peak-to-current declines for the 10-City Composite and 20-City Composite are -32.6 percent and -32.8 percent, respectively. From their April 2009 troughs, the 10-City Composite has risen 1.4 percent and the 20-City Composite is up a scant 0.7 percent.

Comments (1)

Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Great info Anthony! Thanks for sharing and welcome to ActiveRain!

ActiveRain is a great pace to learn and share anything you need to know about the real estate business or about getting the most out of blogging and marketing yourself on line. If you have any questions just stop by my blog. I am an Ambassador so I am here to help you make the most out of ActiveRain.

Have a great day!

Katerina

Jul 01, 2011 02:25 PM