Phoenix Leads Annual Home Price Gains, According To Case-Shiller Index
According to the March Case-Shiller Index, home values rose in 12 of 20 tracked markets, and one remained unchanged.
According to the March Case-Shiller Index, home values rose in 12 of 20 tracked markets, and one remained unchanged.
Standard & Poor's released its September 2011 Case-Shiller Index this week. The index tracks home price changes in select cities between months, quarters, and years. The Case-Shiller Index for September showed drastic devaluations nationwide.
Since bottoming out in March of this year, the Case-Shiller Index is up nearly 4 percent.
Mortgage rates continue drifting downward, despite -- or because of -- a ratings downgrade on long-term U.S. government debt.
December's Case-Shiller Index showed major devaluations nationwide. As compared to December 2009, on a year-over-year basis, home values fell in 18 of the Case Shiller Index's 20 tracked markets, and the U.S. National Index dropped 4 percent overall. The retreat puts December's home values at similar levels as compared to early-2003.