Home Price Index Up For Fifth Straight MonthThe Business Journal of Milwaukee - November 24, 2009 A closely watched gauge of U.S. home prices rose 0.3 percent in September from August. The S&P/Case-Shiller Home Price Index showed a fifth straight month-over-month increase. ³We have seen broad improvement in home prices for most of the past six months,² said David Blitzer, chairman of the Index Committee at Standard & Poor¹s, in a news release. ³However, the gains in the most recent month are more modest than during the seasonally strong summer months. Fewer cities saw month-to-month improvements in September than in August in both seasonally adjusted and unadjusted figures.² Las Vegas has some of the biggest housing drops, with a 28.6 percent fall, although Phoenix isn¹t far behind, with a 21.8 percent drop. No markets in the 20-city composite showed a housing price increase over the past 12 months. The S&P/Case-Shiller Home Price Index tracks sales prices of typical single-family homes in leading metropolitan areas. The index is produced by Brookfield-based Fiserv Inc. (NASDAQ: FISV) and published by Fiserv and Standard & Poor's. The 20-city index does not include Milwaukee
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 Our builder showed us how we could get into the school system we wanted and a home that’s flexible enough to accommodate our growing family. We’ll be closer to work, and we’ll also save energy on our utility bills. It’s a win – win for everyone. The kids can’t wait to explore the new neighborhood and we can’t wait to settle in. To think, we almost stayed away from building a new home because we were worried about the mortgage crunch. When we discovered that 99% of homes are not in foreclosure; that made us feel secure in our investment too. |
