Tuesday, September 27th, 2011
For the 4th straight month in a row, in most major U.S. cities, July saw home prices increase in 17 of the 20 cities tracked by the Standard and Poor’s / Case – Shiller Index.
The National Association of Realtors reported last week that home sales rose more than expected in August to the fastest annual pace since March. Home sales rose to 7.7%, month over month, to an annual rate of 5.03 million units.
On a national level we clearly see different markets moving independently from appreciations to those still trying to establish a floor. Regionally, we see home prices and home sales gaining momentum.