Home Prices are Up Even as Market Continues to Struggle

Posted by Bud Bruening

According to CNN – Home prices made a comeback during the second quarter, but the struggling housing market isn’t out of the woods yet.

Prices rose a substantial 3.6%, compared with the three months ended March 31. But home prices are still down 5.9% compared with the second quarter of 2010.

The rise in home prices came after three consecutive quarters of drops, as reported by the S&P/Case-Shiller national index — an influential gauge of residential real estate markets.

The year-over-year decline was a bit more than the than the drop of 4.7% that had been forecast by a consensus of experts at Briefing.com.

A separate monthly index of home prices in 20 major metro areas also reported a month-over-month gain of 1.1% for June, and a drop of 4.5% year-over year.

Bud Bruening
512 E. Winchester
Murray, Utah 84017
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Cell. 801.230.3107
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Filed under Credit Score Info, Market News, Mortgage Updates, Real Estate Updates

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