Case-Shiller Records 3.8% Annual Drop in Home Prices
The annual rate of change in home prices continues to show improvement, according to Standard & Poor’s. Data just released by the agency shows the 20-city composite reading of the S&P/Case-Shiller index for August came in below its year-ago level by 3.8 percent. The previous month, S&P reported a 4.1 percent annual decline. The closely watched gauge posted a 0.2 percent increase in August versus July, marking the fifth consecutive monthly gain.
Analysis: On this front, the price of the housing decline is slowing. The two other legs of the stool, foreclosures and financing, are still not in positve territory and may not be for a while. Just be smart with your investing and have a quick exit plan for your purchases.
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Always Looking to Acquire Houses | Always Looking to Amaze Investors
The annual rate of change in home prices continues to show improvement, according to Standard & Poor’s. Data just released by the agency shows the 20-city composite reading of the S&P/Case-Shiller index for August came in below its year-ago level by 3.8 percent. The previous month, S&P reported a 4.1 percent annual decline. The closely watched gauge posted a 0.2 percent increase in August versus July, marking the fifth consecutive monthly gain.
Analysis: On this front, the price of the housing decline is slowing. The two other legs of the stool, foreclosures and financing, are still not in positve territory and may not be for a while. Just be smart with your investing and have a quick exit plan for your purchases.
Always Looking to Acquire Houses | Always Looking to Amaze Investors