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Case-Shiller : Home Prices Climbed in June 2013
Posted By Barry Ritholtz On August 27, 2013 @ 11:45 am In Credit,Real Estate | Comments Disabled
About this month’s Cash Shiller:
The Home Price Index showed prices continued to increase. The National Index grew 7.1% in Q2, and 10.1% over the past year. The 10-City and 20-City Composites posted returns of 2.2% for June and 11.9% and 12.1% over 12 months. All 20 cities posted gains on a monthly and annual basis
Note the mortgages that fund these homes were likely locked in at rates that considerably lower than today. They pre-dated the large interest rate spike of the summer. Its reasonable to assume these rate hikes will impact sales and prices going forward.
Source: S&P Case Shiller Index 
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URL to article: http://www.ritholtz.com/blog/2013/08/case-shiller-home-prices-climbed-in-june-2013/
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 S&P Case Shiller Index: http://www.spindices.com/
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