By Dees Stribling | MHN Online
S&P Dow Jones Indices reported on Tuesday that the Case-Shiller Home Price Indices continued to increase as of June. The national index was up 7.1 percent in the second quarter and 10.1 percent over the last four quarters. The 10-city and 20-city composites both posted returns of 2.2 percent for June and 11.9 percent and 12.1 percent, respectively, over 12 months.
Since the increases are measured until the end of June, not July, the impact on prices of most of the recent increases in mortgage rates—whatever that impact might be— wasn’t registered in this report. Still, all 20 cities posted gains on a monthly and annual basis. But only six cities saw prices rising faster in June compared with May, as opposed to 10 during the previous month.
