David Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices, provides a headline summary of the latest S&P/Case-Shiller report noting that home prices are up substantially across the cities.
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Home Prices Accelerate in January 2013 According to the S&P/Case-Shiller Home Price Indices
Data through January 2013, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed average home prices increased 7.3% for the 10-City Composite and 8.1% for the 20-City Composite in the 12 months ending in January 2013. S&P/Case-Shiller Home Price Indices – January 2013