Keller Williams Realty of Northern Colorado

First Quarterly Rise in Three Years

The Standard & Poor’s/Case-Shiller’s U.S. National Home Price Index released in August rose nearly 3% from the first quarter. This constitutes the first quarterly rise in 3 years. The Case-Shiller index is a composite of home price indexes for the nine U.S. census divisions. The 20-city index measures home price increases and decreases relative to prices in January 2000. The base reading is 100; so a reading of 150 would mean that home prices increased 50 percent since the beginning of the index. All but two cities, Las Vegas and Detroit, saw home prices rise, and Dallas and Denver clocked their fourth-straight monthly increase.

Source: MSNBC.com, “Home prices post first quarterly rise in 3 years” by Associated Press, 8/25/09
http://www.msnbc.msn.com/id/32550874/ns/business-stocks_and_economy/