All real estate is local–and local markets look likely to move in different directions in the next year
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Home prices climb as housing market gives more signs of a bottom
Today’s release of the S&P/Case-Shiller index of home prices in 20 U.S. cities showed prices climbing by 0.5% in June from June 2011. This follows a 0.7% year over year decline in May and marks the first year over year increase in prices since September 2010. Economists had projected that the index would drop by 0.05% year over year in June.
Slow, uneven, but nonetheless a recovery in the housing market
Two reads today on the U.S. housing market that both say the same thing: The market is bottoming; the recovery is underway; and the process isn’t going to be fast or smooth.