Home Values Rise 1.2% According to Case-Shiller – An Upside Surprise
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The value of homes in twenty major markets rose by 1.2% in August which is the 4th increase in a row, according to Case-Shiller. Prices rose in 17 of 20 cities. Only Cleveland, Las Vegas and Charlotte saw declines.
“U.S. home prices have apparently bottomed,” said a noted economist for UniCredit Markets.
For the full report click here.
Note: The Case-Shiller report normally comes out on the last Tuesday of the Month, with a 2 month lag, so the report that came out today is for August.
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