According to the S&P Case-Shiller 10-and 20-City Housing Market Indices for September, home prices grew at an average of 13.30 percent year-over-year and achieved the highest growth rate for home prices since February 2006.
The National Association of REALTORS reported Monday that pending home sales dropped by -0.60 percent in October after falling at a revised rate of -4.60 percent in September.
The National Association of Home Builders released its Housing Market Index for November on Monday. This month's HMI reading was 54 against expectations of a reading of 55. Octoberâs reading was also 54 after being downwardly revised.
Last week, the S&P/Case-Shiller Index showed home prices gaining 8.1 percent during the 12-month period ending January 2013, marking the largest year-over-year increases since the summer of 2006.
Posting....
Sign In to Save Homes & Searches
Stay informed on price reductions, new homes that match your search & other insider information.
