'Housing Recovery Is Gathering Strength,' New Report On Prices Signals | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

'Housing Recovery Is Gathering Strength,' New Report On Prices Signals

Home prices were up 4.3 percent in October from the same month a year before in the 20 major U.S. cities where the data are tracked, according to the latest S&P/Case-Shiller Home Price Indices report.

"Looking over this report, and considering other data on housing starts and sales, it is clear that the housing recovery is gathering strength," economist David Blitzer, , chairman of the Index Committee at S&P Dow Jones Indices, says in the report. "Higher year-over-year price gains plus strong performances in the southwest and California, regions that suffered during the housing bust, confirm that housing is now contributing to the economy."

The city-by-city changes in prices; October 2012 vs. October 2011:

Atlanta: 4.9 percent
Boston: 1.6 percent
Charlotte: 4.1 percent
Chicago: -1.3 percent
Cleveland: 1.8 percent

Dallas: 4.6 percent
Denver: 6.9 percent
Detroit: 10.0 percent
Las Vegas: 8.4 percent
Los Angeles: 6.2 percent

Miami: 8.5 percent
Minneapolis: 9.2 percent
New York: -1.2 percent
Phoenix: 21.7 percent
Portland: 5.2 percent

San Diego: 6.0 percent
San Francisco: 8.9 percent
Seattle: 5.7 percent
Tampa: 5.9 percent
Washington, D.C.: 4.4 percent

20-city composite: 4.3 percent

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

WAMU 88.5

Art Beat With Lauren Landau, April 21, 2015

You can immerse yourself in the life and music of Gustav Mahler or hear what students from highly-respected music conservatories have to offer.
NPR

Blue Bell Widens Recall To All Of Its Products Over Listeria Worries

The Centers for Disease Control and Prevention has called it "a complex and ongoing multistate outbreak of listeriosis occurring over an extended period of several years."
NPR

A Timeline Of Hillary Clinton's Evolution On Trade

The presidential hopeful has had trouble being consistent on trade. Labor unions are important in Democratic politics, but her work as secretary of state is putting her in a bind on trade.
NPR

What Can #NOLASCHOOLS Teach Us?

Michel Martin is hosting a conversation about education in New Orleans, ten years after Hurricane Katrina sparked a transformation of public schools there. Add your voice at #NOLASCHOOLS.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.