Morning Minute: Case-Shiller reports continuing trend of rising home prices

Nineteen of the 20 U.S. metro areas tracked by the S&P/Case-Shiller home price index saw gains monthly gains in August compared to July, according to the report released today. Chicago saw a month-over-month gain of 0.7 percent in August, but year-over-year prices were down 1.6 percent. Read the S&P/Case-Shiller news release along with articles from the Chicago Tribune, “Chicago housing prices continue slow climb” and the Wall Street Journal, “A Look at Case-Shiller, by Metro Area.

“The sustained good news in home prices over the past five months makes us optimistic for continued recovery in the housing market,” said David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices.

In other news:

US home prices nationwide rise at faster pace in August, latest sign of housing recoveryWashington Post

Home Prices Continued to Rise in August 2012Bloomberg

Illinois Hardest Hit Program Helps 5,000th Homeowner Protect Home from Foreclosure ENews Park Forest

This entry was posted in Housing Market, Uncategorized by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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