Home Prices Post Biggest Jump Since 2006 | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Home Prices Post Biggest Jump Since 2006

Home prices in major cities across the nation were up 10.9 percent in March from March 2012, the biggest year-over-year increase since April 2006, according to the data trackers who put together the S&P/Case-Shiller Home Price Indices.

Their surveys show that:

-- While prices rose 10.9 percent on average across 20 metropolitan areas, the strongest gains were in Phoenix (22.5 percent), San Francisco (22.2 percent) and Las Vegas (20.6 percent).

-- The smallest increases were in New York City (2.6 percent),
Cleveland (4.8 percent) and Boston (6.7 percent).

Tuesday's news follows many other signs in recent months that the housing sector has bounced back from a long decline that began when its so-called bubble burst in 2007. Last week on All Things Considered, NPR's Adam Davidson talked about how it's now irrefutable that housing is on the rise again.

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

NPR

Rosh Hashana's Sacred Bread Offers Meaning In Many Shapes And Sizes

Making challah for the Jewish New Year lets the baker take a moment to reflect on life's blessings. The bread can be shaped into the traditional round, or a lion or bird to echo Bible verses.
NPR

Rosh Hashana's Sacred Bread Offers Meaning In Many Shapes And Sizes

Making challah for the Jewish New Year lets the baker take a moment to reflect on life's blessings. The bread can be shaped into the traditional round, or a lion or bird to echo Bible verses.
NPR

More Americans Favor Mixing Religion And Politics, Survey Says

The poll by Pew's Religion & Public Life Project also shows that three-quarters of survey participants believe religion's influence on American life is waning.
NPR

Seeking Frugal Tech Solutions For Nairobi's Jammed Traffic

Traffic in major cities in the developing world can be a mind-numbing mess. A team at IBM in Kenya's capitol thinks it's found an answer.

Leave a Comment

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