Positive trends around the country can be reassuring locally that things are heading in the right direction. Here's from news today.
Jeff
Data through October 2012, released last week by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices showed home prices rose 4.3 percent in the 12 months ending in October in the 20-City Composite, out-distancing analysts’ forecasts.
Anticipated seasonal weakness appeared as 12 of the 20 cities and both Composites posted monthly declines in home prices in October.
The 10- and 20-City Composites recorded respective annual returns of 3.4 percent and +4.3 percent in October 2012 – larger than the 2.1 percent and 3 percent annual rates posted for September 2012. In 19 of the 20 cities, annual returns in October were higher than September. Chicago and New York were the only two cities with negative annual returns in October. Phoenix home prices rose for the 13th month in a row. San Diego was second best with nine consecutive monthly gains.
To read the entire report, click here.
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