Home Prices Countinue To Move Upwards

Home prices rose in August for a third consecutive month. Case-Shiller composite-10 index rose 1.3% in August to 157.93 with the composite-20 index up 1.2% to 146.00. Bloomberg story: Home Prices in 20 U.S. Cities Rise for Third Month.

Chart 1. S&P/Case-Shiller Home Price Indices

Source: Standard & Poor's and Fiserv

Source: Standard & Poor's and Fiserv

Positive, but it was in August at the most favorable season for home buyers, coupled with tax stimulus. It’s a no surprise for a positive reading having in main also record low mortgage rates. The real question is how will the housing market perform during the winter months.

This entry was posted on Tuesday, October 27th, 2009 at 8:29 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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