The Case Shiller Index was released today from Standard & Poor’s. It shows a 1.6% increase for the 20-City Composite in July vs. June 2012 and a 3.7% increase in Minneapolis for the same period.
New York, September 25, 2012 – Data through July 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, showed average home prices increased by 1.5% for the 10-City Composite and by 1.6% for the 20-City Composite in July versus June 2012. For the third consecutive month, all 20 cities and both Composites recorded positive monthly changes. It would have been a fourth had prices not fallen by 0.6% in Detroit back in April.
Below shows the Case Shiller Index for Minneapolis, MN since 01-01-1989. This is Seasonally Adjusted. While this is good news the index has increased, there is still a long way to go…