NYC home prices flat in July: report

Home prices in New York City area remained relatively unchanged in July, according to the S&P/Case-Shiller Home Price Index, released today. New York City home prices climbed 1.3 percent between June and July, to an index rating of 174.9. This score is up just .6 percent from July 2009’s index level. Nationwide, the July index showed positive momentum year-over-year, even as prices remained flat compared to the previous month. The index’s 20-city composite climbed 3.2 percent year-over-year, while the 10-city composite climbed 4.1 percent. Compared to June 2010, the 20-city composite and 10-city composites climbed .6 percent and .8 percent, respectively. Case-Shiller doesn’t include co-ops or condos in its report. TRD