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

Home prices increase in most major U.S cities

Posted:
By Dani Maxwell - email

WASHINGTON (WKOW) -- Home prices increased in September in most major U.S. cities. Experts say it's more evidence the housing market is recovering.

The Standard & Poor's/Case Shiller national index measuring prices in 20 cities rose 3 percent in September compared with the same month a year ago. Prices also gained 3.6 percent in the July-September quarter compared with the same quarter in 2011.

Across the nation, prices increased in 18 of 20 cities. Phoenix prices jumped 20.4 percent over that stretch to lead all cities. Prices in Atlanta showed a modest 0.1 percent increase, ending 26 straight consecutive year-over-year declines.

Prices also rose in September from August in 13 cities. Five metro regions posted declines, and two were unchanged. Monthly prices are not seasonally adjusted.

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