The Real Deal Miami

U.S. home prices rebound in Q2: report

August 31, 2010 03:45PM

Home prices rose 4.4 percent in the second quarter of 2010, after falling 2.8 percent in the first quarter, according to Standard & Poor’s U.S. National Home Price Index, which was released today. Nationally, home prices are 3.6 percent above the levels of the previous year. In Miami, prices in June saw a .4 percent month-over-month increase from May. Though housing prices have rebounded from crisis lows, other recent housing indicators point to more ominous signals as tax incentives have ended and foreclosures continue, according to S&P’s. TRD