NYC home prices rise for 4th straight month

TRD New York /
Oct.October 26, 2010 10:15 AM

S&P/Case-Shiller report paints region as one of few bright spots in a weakened U.S. market


Click to enlarge (source: S&P/Case-Shiller)

Home prices in the New York City metro area rose marginally in August, up by a tenth of a percentage point year-over-year and two-tenths month-over-month, in the fourth consecutive month of price increases in the region, according to the latest S&P/Case-Shiller Home Price Index report, released today (see the full report below). New York City was one of just five cities nationwide to register a month-over-month improvement in home prices in August, though, as the overall U.S. housing market faltered. During that time period, the annual growth rate decelerated in 17 of 20 metropolitan areas across the country, and 12 of those regions had negative growth rates, S&P said. “A disappointing report,” said David Blitzer, chairman of the index committee at S&P. “The housing market appears to have stabilized at new lows. At this time, it does not seem that any of the markets are hanging on to the temporary momentum caused by the homebuyers’ tax credits.” TRD

CSHomePrice Release Aug Results (2)

 

Related Articles

arrow_forward_ios
Clockwise from right: Hong Kong; Columbo, Sri Lanka; and Zagreb, Croatia (Credit: Wikipedia, iStock)

The best real estate markets on earth over the last decade

The best real estate markets on earth over the last decade
Home buyers have for decades been advised to never put a less than 20 percent down payment on a house, but 70% of young home-buyers are willing to break that rule this year (Credit: iStock)

Millennials are ready to break the golden rule of home-buying

Millennials are ready to break the golden rule of home-buying
Keeping lawns freshly cut and outdoor spaces in tip-top shape could result in greater rewards for sellers. (Credit: iStock, IMDB)

Curb your enthusiasm: Homes with spruced-up outsides sell at premium

Curb your enthusiasm: Homes with spruced-up outsides sell at premium
Seattle, Washington (Credit: iStock)

Good luck buying an affordable home in these US cities

Good luck buying an affordable home in these US cities
Home prices are on the rise, and homeowners are opting to stay in their homes longer (Credit: iStock)

Home prices accelerate nationally as owners stay longer

Home prices accelerate nationally as owners stay longer
The Mountain States saw the fastest home-price growth of any region (Credit: iStock)

Millennials head west for housing, and institutional investors follow

Millennials head west for housing, and institutional investors follow
NYC startup is under contract to buy its first Miami condo as crowdfunding investment

NYC startup is under contract to buy its first Miami condo as crowdfunding investment

NYC startup is under contract to buy its first Miami condo as crowdfunding investment
From left: London, Shanghai and Paris

In London, WeWork already reaping rewards of planned Brexit: Global property

In London, WeWork already reaping rewards of planned Brexit: Global property
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...