Positive News On Real Estate » case-shiller index

U. S. Single Family Home Prices Up 3.6 Percent

admin — Fri, 19 Nov 2010 23:08:40 +0000

Fiserv, Inc. released an analysis of home price trends in more than 375 U. S. markets based on the Fiserv® Case-Shiller Indexes.

In the second quarter of 2010, U. S. single-family home prices rose an average of 3.6 percent over the year-ago quarter, driven by strong price increases in relatively high-priced markets, such as San Diego, Washington, D.C., and the San Francisco Bay Area.

More related Positive News

Tweet This Post

Good News In the Economy

admin — Fri, 30 Oct 2009 05:37:11 +0000

Economy grows again in 3rd quarter, best showing in 2 years signals end of recession
Case-Shiller index, which tracks changes in the values of residences in 20 metropolitan areas in the U.S., is up 2.9% in the second quarter.
The consumer confidence index was 54.5 in August, up from 47.4 in July
Minneapolis had the greatest monthly increase in values; it’s up 3.2%, followed closely by San Francisco at 2.8%.

More related Positive News

Tweet This Post

Shiller Chills and Get Positive

admin — Wed, 29 Jul 2009 15:47:03 +0000

Standard & Poor’s Case-Shiller Home Price Index shows that prices are actually starting to rise again in some parts of the country. Cities like Boston, Charlotte, Chicago, Cleveland, Dallas, Minneapolis and San Francisco all have home prices on the rise.

“This is the first time in almost three years that we’ve seen price increases,” says Yale University professor Robert Shiller, who helped design the home price index. “So when we see a break in the downward trend that’s definitely encouraging news.”
“Well, I think the worst is probably behind us — the worst pace of decline,” he says. “We were going down at 2 percent a month for a number of months in a row nationally. That was really something. Now home prices relative to rents or construction costs are back at normal levels.”

Many Realtors are seeing multiple offers making some speculate that we have reached a housing bottom.

“Well, I think it very much depends on what city you’re in,” says William Wheaton, a housing economist at MIT. “There are really two types of markets right now.”

Wheaton notes that in states with 50% drops like Arizona, California and Florida that indeed we may be at a bottom.

“If you’re in a market like California, where prices have fallen 50 percent and transactions have picked up and you ask your friendly professor ‘Is this the bottom?’ I would say pretty much so,” Wheaton says.” If you could buy a house [for] 50 percent of what you could a few years ago, I’d say go ahead and buy it.”

Source: NPR

More related Positive News

Tweet This Post