Home prices rise in nearly all major U.S. cities - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Home prices rise in nearly all major U.S. cities

Posted:
By Amie Winters - bio | email

WASHINGTON (AP) -- Home prices rose in nearly all major U.S. cities in April from March, further evidence that the housing market is slowly improving even while the job market slumps.

The Standard & Poor's/Case-Shiller home price index shows increases in 19 of the 20 cities tracked. And a measure of national prices rose 1.3 percent, the first increase in seven months.

San Francisco, Washington and Phoenix posted the biggest increases. Prices fell 3.6 percent in Detroit, the only city to record a drop.

The increases partly reflect the impact of the spring buying season. The month-to-month prices aren't adjusted for seasonal factors. Still, prices in half of the cities are up over the past 12 months.

Home sales have increased in the past year.

 

Powered by WorldNow
All content © Copyright 2000 - 2013 WorldNow and WQOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's pubic inspection file should contact Director of Station Operations Lisa Patrow at 715-852-5920. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.