BREAKING NEWS: Home Prices Increase in U.S. for First Time in 6 Months!

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There may be some light at the end of the tunnel. 

Via Aaron Seekford – Arlington VA Homes – Arlington Apartments – Arlington Condos (Arlington Realty, Inc.):

BREAKING NEWS: Home Prices Increase in U.S. for First Time in 6 Months!

It’s been a grim day on the stock market. The Dow, Nasdaq and S&P are down nearly 3%… but there is some great news on the real estate front.

Home prices rose 0.8% in April compared to March in 20 major cities, according to the Case-Shiller home price index released by Standard & Poors. Home prices rose in 18 of the 20 metropolitan areas surveyed. This is the first monthly home price increase after six consecutive months of declines.

According to the index, home prices have moved up 3.8% in the last year.

Home prices

Here is a breakdown of the home price index by city. These numbers reflect the price changes between March and April:

Atlanta, 1.8%            
Boston, 1.4%         
Charlotte, 1.1%       
Chicago, 0.6%    
Cleveland, 1.4%         
Dallas, 2.0%         
Denver, 1.7%          
Detroit, 0.2%         
Las Vegas, 0.2%    
Los Angeles, 0.7%        
Miami, -0.8%       
Minneapolis, 1.8%         
New York, -0.3%         
Phoenix, 0.5%         
Portland, 1.8%         
San Diego, 0.7%          
San Francisco, 2.2%         
Seattle, 1.0%       
Tampa, 0.5%         
Washington, 2.4%       

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About susanmorrison

After living in Walpole, MA for many years, our family was transferred to the west coast when I was a senior in high school. In 1983, I graduated from Mission San Jose High School in Fremont, California. I am also a 1987 graduate of Providence College with a major in liberal arts and a minor in business administration. I bring to the table many years of sales experience beginning with thirteen years in Corporate Sales at Delta Air Lines. I'm the mother of three children and I'm very active within the Franklin, MA community. I am also a cancer survivor and support the American Cancer Society Charities.

My husband and I have built five homes and I've lived in a variety of other locations including Toronto Canada, Irving Texas and my current home in Franklin, MA. As a result of all my moving around, I came to the conclusion that I was an expert at moving...why not become an expert on the other side of the table? I earned my real estate license in 2004 and believe that I have found my true niche'. I can empathize with my clients on a variety of levels; whether they are buying or selling. And, like so many other good realtors out there, I believe that possessing good communication skills is one of the many keys to success.

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