WASHINGTON (AP) — Home prices increased in September in most major U.S. cities, more evidence of a housing recovery that is providing a lift to the fragile economy.
The Standard & Poor's/Case Shiller national index measuring prices in 20 cities rose 3 percent in September compared with the same month a year ago. Prices also gained 3.6 percent in
the July-September quarter compared with the same quarter in 2011.
Across the nation, prices increased in 18 of 20 cities. Phoenix prices jumped 20.4 percent over that stretch to lead all cities. Prices in Atlanta showed a modest 0.1 percent increase, ending 26 straight consecutive year-over-year declines.
Prices also rose in September from August in 13 cities. Five metro regions posted declines, and two were unchanged. Monthly prices are not seasonally adjusted.
- Posted November 28, 2012
- Tweet This | Share on Facebook
Home prices increase in most major U.S. cities
headlines Detroit
headlines National
- March 1, 1828: Sojourner Truth goes to court
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- DOJ nominees hedge on whether court orders must always be followed
- DNA evidence in open cases explored in ABC reality series
- Which law-related films have won Oscars? You may be surprised (photo gallery)
- ‘Radical agreement’ could lead to Supreme Court victory for reverse-discrimination plaintiff
