Housing Prices Rise

HousingWire reports an increase in home prices June to July 2012 according to the Standard & Poor Case-Shiller 10-city and 20-city indexes. The 10-city composite reveals a 1.5 percent rise. The 20-city composite grew 1.6 percent, registering the third consecutive month of growth in those cities. Dallas and Washington, D.C. saw no change in their annual prices, while the year-over-year prices in New York, Cleveland, and Detroit declined. The worst of the 20 cities followed by S&P, Atlanta’s annual price decrease improved to -9.9% following nine months of double digit declines, as MHProNews has learned.

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