Wednesday, September 26, 2012

Home Prices Increase Again in July 2012

Home Prices Increase Again in July 2012

According to the S&P/Case-Shiller Home Price Indices

New York, September 25, 2012 - Data through July 2012, released today by S&P
Dow Jones Indices for its

S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home
prices, showed average home prices

increased by 1.5% for the 10-City Composite and by 1.6% for the 20-City
Composite in July versus June 2012.

For the third consecutive month, all 20 cities and both Composites recorded
positive monthly changes. It would

have been a fourth had prices not fallen by 0.6% in Detroit back in April.

The 10- and 20-City Composites posted annual returns of +0.6% and +1.2% in
July 2012, up from their

unchanged and +0.6% annual rates posted for June 2012. Fifteen of the 20
MSAs and both Composites posted

better annual returns in July as compared to June 2012. Dallas and
Washington D.C. saw no change in their

annual rates; and Cleveland, Detroit and New York saw their rates worsen in
July, with respective returns of

+0.4%, +6.2% and -2.6%. After nine consecutive months of double digit annual
declines, Atlanta finally

improved to a -9.9% annual rate in July 2012, but still the worst among the
20 cities followed by S&P Dow

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