'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/.

NPR

Beyond The Bestsellers: Nancy Pearl Recommends 'Under The Radar' Reads

NPR's go-to books guru has sent host Steve Inskeep a stack of books — titles she thinks deserve more attention than they've been getting. Here are her fiction picks, to kick off your summer reading.
NPR

Adios, Trans Fats: FDA Poised To Phase Out Artery-Clogging Fat

Any day now, the FDA could announce a final rule aimed at removing much of the remaining trans fats out of the food supply. It could amount to a near ban on the fats, which wreak cardiovascular havoc.
NPR

Irish Voters Decide Whether To Legalize Same-Sex Marriage

Polls show the "yes" vote is stronger in the conservative, predominately Catholic country. But public opinion surveys could be masking a "shy no vote," observers say.
NPR

Mechanical Turk Workers: Secret Cogs In The Internet Marketplace

There are hundreds of thousands of people doing stuff to your Internet experience that you may think is the work of an algorithm. They're working from home doing tiny tasks computers can't quite do.

Leave a Comment

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