The Wall Street Journal covers two new reports, the S&P/Case-Shiller home price index and another from the Federal Housing Finance Agency, that point to an uptrend in U. S. home prices.
“The S&P/Case-Shiller home price index of 20 major cities increased 1.2% in the 12 months ended in July, beating expectations. Later in the day, the Federal Housing Finance Agency reported its measure of U.S. home prices increased 0.2% in July over June. That rise capped off seventh consecutive monthly gains,” the newspaper reports. Read the full article.
In other news:
Housing comes back – Chicago Tribune