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12.27.12

Case Shiller: Home Prices up 4.3% YTD

Source: USA Today (www.usatoday.com)

Home prices rose 4.3% the 12 months ended in October, according to a widely watched survey, outpacing analyst expectations and underscoring a strengthening housing recovery.

Still, the Standard & Poor's Case-Shiller index of 20 major cities, out Wednesday, dipped 0.1% in October from a month earlier. That was expected given that home prices tend to be lower in fall and winter than in spring and summer.

Year-over-year trends are more meaningful. In 19 of the 20 cities surveyed, annual returns in October were higher than September, the data show.

For the full article, follow the link: http://www.usatoday.com/story/money/business/2012/12/26/case-shiller-october/1791535/

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