Home Prices Rise in the Latest Case-Shiller report

For the first time in a very long time home prices rose in the Case-Shiller report.  This is good news for homeowners in general however some markets are still experiencing declines.  Mortgage rates at all time lows appear to be helping home prices rebound.  Contact us today for a low rate purchase loan quote.

Per the press release:

New York, August 28, 2012 – Data through June 2012, released today by S&P Dow Jones Indices for its
S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that all three headline
composites ended the second quarter of 2012 with positive annual growth rates for the first time since the
summer of 2010. The national composite was up 1.2% in the second quarter of 2012 versus the second quarter
of 2011, and was up 6.9% versus the first quarter of 2012. The 10- and 20-City Composites posted respective
annual returns of +0.1% and +0.5% in June 2012. Month-over-month, average home prices in the 10-City
Composite were up 2.2% and in the 20-City Composite were up 2.3% versus May. For the second consecutive
month, all 20 cities and both Composites recorded positive monthly gains. Eighteen of the 20 MSAs and both
Composites posted better annual returns in June as compared to May 2012 – only Charlotte and Dallas saw a
deceleration in their annual rates (press release)