Case-Shiller Home Price Index
Home prices continued to jump in value in May, according to the latest numbers from the Standard & Poor’s/Case-Shiller Home Price Indices.
The stock market rocketed higher Tuesday after strong economic indicators showed the American economy continues to move ahead. The economic outlook has sent consumer confidence up nationwide, including in the Sunshine State.
By now, we know the drill. For homeowners, it’s great news. For those looking to buy, it’s terrible. Home prices rose again in October, placing South Florida counties in fifth place on a home price index’s list of highest annual gains.
While nationally the Case-Shiller Home Price Index showed home values hit new index lows to end 2011; the data wasn’t as bad for two of the hardest hit areas in the nation, Phoenix and Miami.
Homeowners across the country hoping home prices may have finally bottomed out are not going to like the latest numbers from the Standard & Poor/Case-Shiller Home Price index.