national housing update home prices rise for fourth straight month northern virginia loudoun county: NATIONAL Housing Update: Home Prices Rise for Fourth Straight Month
- 08/05/12 11:38 PM
Home Prices Rise for Fourth Straight Month: Home prices rose for the fourth month in a row in May, suggesting the recovery in the housing market continued to gain traction.The S&P/Case-Shiller composite index of 20 metropolitan areas gained 0.9 percent in May from April on a seasonally adjusted basis, topping economists' expectations for a 0.5 percent gain. On a non-seasonally adjusted basis, prices fared even better, jumping 2.2 percent. Compared to a year ago, price declines moderated to slip 0.7 percent, the smallest drop since the last time year-over-year prices rose in September 2010. The housing market, which collapsed during the (0 comments)