Buffalo Soldier
Dreadlock Rasta
Home prices climb for 2nd straight quarter
S&P/Case-Shiller index shows prices up 3.1% from 3 months earlier, but down nearly 9% from a year ago.
EMAIL***** PRINT***** SHARE***** RSS
By Les Christie, CNNMoney.com staff writer
November 24, 2009: 9:51 AM ET
Quick Vote
How has the $787 billion stimulus package affected the economy?
It has aided a recovery
It has made the situation worse
It has had no impact
It's too soon to tell
or View results
Mortgage Rates
30 yr fixed mtg 4.96%
15 yr fixed mtg 4.53%
30 yr fixed jumbo mtg 5.90%
5/1 ARM 4.21%
5/1 jumbo ARM 4.78%
Find personalized rates:
*
Rates provided by Bankrate.com.
NEW YORK (CNNMoney.com) -- Home prices rose for the second consecutive quarter but remained nearly 9% lower than a year earlier, according to a housing market report issued Tuesday.
Prices nationwide rose 3.1% in the three months ended Sept. 30, according to the S&P/Case-Shiller Home Price Index, a closely watched gauge of housing market direction. That followed a similar 3.1% rise during the second quarter of the year.
Prices were still below a year ago, however, down 8.9% compared with the third quarter of 2008. Nevertheless, that's an improvement from the double-digit price decreases the index had been reporting; the second quarter year-over-year decline was 14.7%. Prices had dropped 19% year-over-year during the first quarter of 2009.
S&P/Case-Shiller index shows prices up 3.1% from 3 months earlier, but down nearly 9% from a year ago.
EMAIL***** PRINT***** SHARE***** RSS
By Les Christie, CNNMoney.com staff writer
November 24, 2009: 9:51 AM ET
Quick Vote
How has the $787 billion stimulus package affected the economy?
It has aided a recovery
It has made the situation worse
It has had no impact
It's too soon to tell
or View results
Mortgage Rates
30 yr fixed mtg 4.96%
15 yr fixed mtg 4.53%
30 yr fixed jumbo mtg 5.90%
5/1 ARM 4.21%
5/1 jumbo ARM 4.78%
Find personalized rates:
*
Rates provided by Bankrate.com.
NEW YORK (CNNMoney.com) -- Home prices rose for the second consecutive quarter but remained nearly 9% lower than a year earlier, according to a housing market report issued Tuesday.
Prices nationwide rose 3.1% in the three months ended Sept. 30, according to the S&P/Case-Shiller Home Price Index, a closely watched gauge of housing market direction. That followed a similar 3.1% rise during the second quarter of the year.
Prices were still below a year ago, however, down 8.9% compared with the third quarter of 2008. Nevertheless, that's an improvement from the double-digit price decreases the index had been reporting; the second quarter year-over-year decline was 14.7%. Prices had dropped 19% year-over-year during the first quarter of 2009.