Daily Real Estate News | October
31, 2007
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5 Markets Where Home Prices are Rising
Home prices have risen in five major markets, while
continuing to fall in the rest of the country, according
to the S&P/Case-Shiller home price index for
August, released Tuesday.
The
largest price declines are in rust belt cities,
although Tampa came out as the big loser as speculators
abandoned properties.
“The
fall in home prices is showing no real signs of
a slowdown or turnaround," says Robert J. Shiller,
co-creator of the index and chief economist for
MacroMarkets LLC.
The
Case-Shiller indexes track multiple sales of the
same homes in an attempt to screen out price differences
caused by shifts in the size and type of houses
being sold. Some housing economists consider these
indexes the best gauge of national and metro real-estate
values.
Here
are the changes in the August price level from a
year earlier for single-family homes.
5
Cities Where Prices Rose
