Case-Shiller reports home prices rise across the board

The June S&P/Case-Shiller home price index shows that home prices have risen nationwide — in every one of the 20 metro areas covered by the index. Nationwide it’s up a half percent. That’s not much, until you consider that this is the first time since September 2010 that it increased — and 9/’10 was smack in the middle of the homebuyer tax credit bump.

Also: This is the second time that every city in the index has shown a month over month gain.

Writes CNBC: “The increase is the latest evidence of a nascent recovery in the housing market.” At this point, I think we’re past using the word “nascent.” The recovery has been going on for quite a while, even if CNBC didn’t notice it till recently.

Click here to read the story.


About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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