Home prices continue to climb

Posted by Bonnie Martin Designated Broker on Wednesday, October 30th, 2013 at 10:40pm.

menhouse_sellingpix_450money.cnn.com - Home prices posted the largest annual gain since housing bubble days in August, although the month-over-month gain slowed for the fourth straight month.

The closely watched S&P/Case-Shiller home price index increased 12.8% from a year earlier, the biggest 12-month gain since February 2006.

But with mortgage rates significantly higher in recent months, the pace of increases is slowing. The 1.3% rise compared to July is only half the monthly increase posted in April when mortgage rates were near a record low.

To read more of this article, click the link below:

#facebooklike#

Photo:    ©[sellingpix_450]/123RF.COM

Leave a Comment