Tuesday, September 25, 2012

U.S. Home Prices Up Again

For the third straight month, home prices in all 20 major markets in the United States are up, this time to the level they were nine years ago.

According to the S&P/Case-Shiller national home price index, which covers more than 80% of the U.S. housing market, the average home price rose 1.6% over the already-increasing price from last month.

In other words, if you were waiting to buy a house to get the best possible price, you waited too long. If you're selling your price, you'll do better than you did eight years ago.

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