Dive Summary:
- The S&P housing report that many people accord some authority – the mighty Case-Shiller Home Price Indices – showed home prices in all 20 of the metro areas it follows rose from June to July.
- The increases were 1.5%$ for the 10-city composite index and 1.6% for the 20-city model. Prices also rose in each of the 20 cities individually for the third month in a row.
- The changes from last year's July data were 0.6% and 1.2% for the 10-city and 20-city composites, respectively.
From the article:
Both home price indices measured by Standard & Poor's show home prices rising from June to July, according to the latest S&P/Case-Shiller report. ...