Home Prices See First Annual Increase Since 2006

By
Managing Real Estate Broker with Connect Realty PB00053359

According to the Standard & Poor's/Case-Shiller Home Price Indices (http://www.standardandpoors.com/spf/docs/case-shiller/CSHomePrice_Release.pdf), 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 (http://www.reuters.com/article/idUSTRE63Q26720100427) and here (http://www.msnbc.msn.com/id/36799404/ns/business-real_estate/).

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