Economic Liftoff? Home Prices Up

The chart above depicts the annual returns of the U.S. National, the 10-City Composite and the 20-City Composite Home Price Indices. The S&P/Case-Shiller U.S. National Home Price Index ?EUR??,,????'?????<
Courtesy of Standard & Poor's/Case-Shiller

 

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Housing prices rose for the second month in a row in June, according to a report that signals the recession may be lifting. This is good news for the landscaping industry, especially with consumer confidence rising. Nationwide, housing prices inched upward not just month over month, but quarter over quarter.

In one report, the Standard & Poor's/Case-Shiller index of home prices found the price of single-family homes in 20 major cities rose 1.4 percent in June. It's the second monthly increase in a row for home prices, which had been falling every month for three years. Prices rose in June in 18 of the 20 cities tracked by the index.

Housing prices rose for the second month in a row in June. In one report, Standard & Poor's/Case-Shiller index of home prices found the price of single-family homes in 20 major cities rose 1.4 percent in June. It's the second monthly increase in a row for home prices, which had been falling every month for three years. Prices rose in June in 18 of the 20 cities tracked by the index.

Courtesy of National Public Radio