S&P Dow Jones Indices publishes tiered price data for 16 of the 20 cities (MSAs) we cover. The tier breakpoints are price levels that divide monthly sales pairs into thirds in each MSA. With the recent good news about home prices, there has been some discussion as to where the improvement has been concentrated. As [...]
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Home prices are up versus a year ago in 16 major cities
July’s data for the S&P/Case-Shiller Home Price Indices showed continued improvement in the housing market. The 10-City Composite was up 1.5% and 20-City Composites was up 1.6% in July over June, making it the fourth consecutive monthly increase in both indices. The 10- and 20-City Composites posted annual returns of +0.6% and +1.2% in July [...]