Morning Minute: Case-Shiller reports higher U.S. home prices for August

U.S. home prices shot up in August with annual gains rising 12.8 percent, the highest since February 2006, according to the latest S&P/Case-Shiller home price index, Bloomberg reports. The index looks at prices in 20 U.S. cities, including Chicago.

The Chicago Tribune reports that while the Chicago area saw year-over-year increases of 8.7 percent in August, the month-to-month gains slowed a bit with a 1.6 percent gain compared to July.

In other headlines:

HUD, MBA leaders fight overcorrection in mortgage lending – HousingWire

Investors sit on the sidelines waiting for housing reform – HousingWire

Illinois home prices rise in September – WSOY


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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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