Home Prices Are Recovering from Recession, Not Out of Woods Yet
S&P Case-Shiller Home Price Index
Despite today’s S&P Case-Shiller home price index report showed home prices at 9% lower than last year, the third quarter upturn of 3.1% is catching the attention of analysts nationally as we experience the second quarter in a row with rising prices.
This change is of importance because prices had been declining and at one point experienced a 19% decline when comparing the first quarter of 2009 to 2008 and this change gives industry insiders reason to be optimistic.
Various areas are seeing different results, but PropertyMaps.com CEO, Jeff Chambers noted good news, saying that “while the prices in Austin are basically still flat, we’re seeing more deals come through and closing faster.”
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This article published on Wednesday, November 25th, 2009 at 10:12 am | Contact the editor
About this Columnist (Full Profile)
AGBeat Editor-in-Chief: Lani, named one of Real Estate’s 100 Most Influential, as well as 12 Most Influential Women in Real Estate, is a business writer hailing from the great state of Texas in the city of Austin. As a digital native, Lani is immersed not only in advanced technologies and new media, but is also a stats nerd often burried in piles of reports. Lani is a proven leader, thoughtful speaker, and vested partner at AGBeat.
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[...] has made some strides recently and third quarter numbers by S&P Case-Shiller showed a 3.1% jump up although they were down 9% from the year [...]
Benn Rosales
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Lani Rosales
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@agentgenius Home Prices Are Recovering from Recession, Not Out of Woods Yet http://bit.ly/8O8T9x
RT @PropertyMaps: @agentgenius Home Prices Are Recovering from Recession, Not Out of Woods Yet http://bit.ly/8O8T9x