mortgagenewsdaily.com - Every city in the S&P Case-Shiller 20-City Composite Indexhas now posted annual increases for at least two consecutive months. The February 2013 indices released this morning showed year-over-year prices in the 10-City Composite gained 8.6 percent and the 20-City Composite rose 9.3 percent. In 16 of the 20 cities the annual growth rate rose in February compared to January and ten are now posting double digit positive changes.
To read more of this article, click the link below:
dsnews.com - Limited inventory may be boosting home prices, but buyer choices are stifled in an increasing number of markets, the National Association of Realtors (NAR) reported Thursday.
The association’s latest quarterly report showed that the median existing single-family home price increased during Q2 in 110 out of 147 metropolitan statistical areas (MSAs) compared to the same period in 2011. Of the remaining 37 MSAs, 34 posted price declines, and three remained unchanged.
The national median existing single-family home price was $181,500 in Q2, up 7.3 percent from the same time in 2011. This is the strongest year-over-year increase since the first quarter of 2006.
To read more on this article, click the link below: