Wednesday, January 27, 2016

Home Prices Rise In Four Cities – – Hitting All Time Highs


By Josh Boak, Jan 26, 2016 AP

WASHINGTON (AP) -- U.S. home prices increased at a faster clip in November, the gains fueled by solid hiring growth, historically low mortgage rates and a shortage of houses on the market.

The Standard & Poor's/Case-Shiller 20-city home price index rose 5.8 percent from a year ago, up from a 5.5 percent pace in October, according to a Tuesday report.

Home values nationwide have nearly recovered from their July 2006 peak, as the real estate market has slowly recovered from the housing bust that triggered the Great Recession. But several metro areas have fully rebounded from the downturn. Four metro areas - Dallas, Denver, San Francisco and Portland Oregon - have either matched or eclipsed their all-time highs. And Charlotte, North Carolina is less than 1 percent below its previous high.
 
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