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.”
