search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomBanks settle with SF landlords rather than own vacant officesBanks settle with SF landlords rather than own vacant officesSL Green, Vornado kick in $100M to extend 280 Park loanSL Green, Vornado kick in $100M to extend 280 Park loanLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a
New York

U.S. home prices rise, but NYC market posts declines: Case Shiller

U.S. home prices rose 4.3 percent year-over-year, according to the S&P/Case Shiller Home Price Index released today, but New York City was one of only two markets where home prices declined year-over-year — with the market seeing a 1.2 percent year-over-year decrease, and a 0.4 percent month-over-month decrease.

Sign Up for the undefined Newsletter

The index declined a modest 0.1 percent in October, from the previous month. “Higher year-over-year price gains plus strong performances in the southwest and California, regions that suffered during the housing bust, confirm that housing is now contributing to the economy,” said David Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices, the publisher of the index, which tracks the value of single-family housing within the largest 20 urban markets in the United States.

Like New York, Chicago also saw year-over-year and month-over-month declines. Phoenix saw the highest annual gain in prices — a 21.7 percent jump from October 2011. – Hiten Samtani

Tags
Case-shiller National Home Price IndexDavid BlitzerHome Prices