Another Report Shows Home Prices Taking A Big Jump | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Another Report Shows Home Prices Taking A Big Jump

One week after the S&P/Case-Shiller indices showed a 10.9 percent jump in U.S. home prices from March 2012 to March 2013 — the biggest year-over-year gain in that data since April 2006 — there's another report showing a similar jump in April.

CoreLogic, which collects data on real estate sales, says home prices were up 12.1 percent in April vs. April 2012. According to The Associated Press, it's the largest year-over-year increase in CoreLogic's data since February 2006.

Reuters notes that "prices have been gaining for over a year as the housing market turned a corner, helped by low interest rates, a pick up in sales and less available supply."

Economists watch home sales closely. They're a major indicator of consumer confidence. Also, when home sales rise, the ripple effects spread out through the economy as new owners buy furniture and appliances or put money into renovations and repairs.

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

WAMU 88.5

Capital Fringe Fest's 'Bethesda' Hits Close To Home

The annual Capital Fringe Festival, which aims to bring new energy and artists to the D.C. area performing arts community, is back. This year's program includes one play that hits close to home.
NPR

Economists Say Inflation Is Tame; Consumers Aren't Buying It

On paper, inflation has been low this year. But consumers buying food or fuel may disagree. Prices for beef, eggs, fresh fruit and many other foods are much higher than overall inflation.
NPR

Germany Calls For 'Honest Foundation' In Relations With U.S.

The remarks by Foreign Minister Frank-Walter Steinmeier follow fresh allegations of U.S. spying on Germany and Berlin's request that the top U.S. intelligence official in the country leave.
NPR

NSA Implementing Fix To Prevent Snowden-Like Security Breach

A year after Edward Snowden's digital heist, the NSA's chief technology officer says steps have been taken to stop future incidents. But he says there's no way for the NSA to be entirely secure.

Leave a Comment

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