Home Values in Philadelphia Area Challenge National Trends
Home values were reported unchanged in November 2010, on average, according to the Federal Home Finance Agency's Home Price Index.
Home values were reported unchanged in November 2010, on average, according to the Federal Home Finance Agency's Home Price Index.
The Federal Home Finance Agency's data showed values up 0.4 percent nationwide, on average. Region-by-region, however, the results were scattered. Coastal states tended to perform poorly. Plains states tended to perform well.
According the Federal Home Finance Agency's Home Price Index, home values are now just 12.5 percent off their April 2007 peak nationwide. This after a half-percent monthly increase in prices in May,on average.
Standard & Poors released its Case-Shiller Index Wednesday. The report shows that, on a seasonally-adjusted basis, between December and January, home prices rose in more than half of the index's tracked markets. The strength of this month's Case-Shiller report, however, should be put in context.
Home values fell again in January, according to the Federal Home Finance Agency's Home Price Index. Values were reported down 0.6 percent, on average. But it's hardly helpful information for buyers and sellers.
The national home supply is falling, down to its lowest [...]