Home Prices on Track for a Third Month
Home Prices on Track for a Third Month
Home Prices on Track for a Third Month
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September 26, 2012 (Chris Moore)

Average home prices in the twenty cities that make up the S&P/Case-Shiller Home Price Indices improved for the third consecutive month from June to July while sixteen cities showed improvement compared to a year ago.

The 10-City Composite showed a 1.5 percent increase in monthly average home prices while the 20-City Composite posted a 1.6 percent gain. Minneapolis posted the largest monthly gain of 3.7 percent followed by Detroit at 3.3 percent and Chicago with a 2.7 percent monthly increase.

Compared to July of last year, the 10-City Composite was up 0.6 percent while the 20-City Composite improved 1.2 percent. Phoenix was the only city to post a double digit gain over last year, improving by 16.9 percent. Minneapolis followed with an annual gain of 6.4 percent with Detroit close behind with a gain of 6.2 percent.

Atlanta continued to have the largest annual decline but finally broke into the single digits with a 9.9 percent annual decline. New York, Las Vegas and Chicago were the only other cities to see a decline, all posting declines of less than three percent.

Not accounting for inflation, average home prices across the United States are back at the same levels they were in the summer and fall of 2003.

From their peak in June/July 2006, index levels for both the 10-City and the 20 City Composites have declined almost 30 percent.

Three MSAs, Atlanta, Detroit and Las Vegas, continued to see average prices that are below their January 2000 levels.

Tags: S&P, Case-Shiller Home Price Indices, 10-City Composite, 20-City Composite, home prices

Source:
S&P

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September 26, 2012 (Chris Moore)

Average home prices in the twenty cities that make up the S&P/Case-Shiller Home Price Indices improved for the third consecutive month from June to July while sixteen cities showed improvement compared to a year ago.

The 10-City Composite showed a 1.5 percent increase in monthly average home prices while the 20-City Composite posted a 1.6 percent gain. Minneapolis posted the largest monthly gain of 3.7 percent followed by Detroit at 3.3 percent and Chicago with a 2.7 percent monthly increase.

Compared to July of last year, the 10-City Composite was up 0.6 percent while the 20-City Composite improved 1.2 percent. Phoenix was the only city to post a double digit gain over last year, improving by 16.9 percent. Minneapolis followed with an annual gain of 6.4 percent with Detroit close behind with a gain of 6.2 percent.

Atlanta continued to have the largest annual decline but finally broke into the single digits with a 9.9 percent annual decline. New York, Las Vegas and Chicago were the only other cities to see a decline, all posting declines of less than three percent.

Not accounting for inflation, average home prices across the United States are back at the same levels they were in the summer and fall of 2003.

From their peak in June/July 2006, index levels for both the 10-City and the 20 City Composites have declined almost 30 percent.

Three MSAs, Atlanta, Detroit and Las Vegas, continued to see average prices that are below their January 2000 levels.

Tags: S&P, Case-Shiller Home Price Indices, 10-City Composite, 20-City Composite, home prices

Source:
S&P

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools

September 26, 2012 (Chris Moore)

Average home prices in the twenty cities that make up the S&P/Case-Shiller Home Price Indices improved for the third consecutive month from June to July while sixteen cities showed improvement compared to a year ago.

The 10-City Composite showed a 1.5 percent increase in monthly average home prices while the 20-City Composite posted a 1.6 percent gain. Minneapolis posted the largest monthly gain of 3.7 percent followed by Detroit at 3.3 percent and Chicago with a 2.7 percent monthly increase.

Compared to July of last year, the 10-City Composite was up 0.6 percent while the 20-City Composite improved 1.2 percent. Phoenix was the only city to post a double digit gain over last year, improving by 16.9 percent. Minneapolis followed with an annual gain of 6.4 percent with Detroit close behind with a gain of 6.2 percent.

Atlanta continued to have the largest annual decline but finally broke into the single digits with a 9.9 percent annual decline. New York, Las Vegas and Chicago were the only other cities to see a decline, all posting declines of less than three percent.

Not accounting for inflation, average home prices across the United States are back at the same levels they were in the summer and fall of 2003.

From their peak in June/July 2006, index levels for both the 10-City and the 20 City Composites have declined almost 30 percent.

Three MSAs, Atlanta, Detroit and Las Vegas, continued to see average prices that are below their January 2000 levels.

Tags: S&P, Case-Shiller Home Price Indices, 10-City Composite, 20-City Composite, home prices

Source:
S&P

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.