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Housing Market Shows Signs of Life

NEW YORK CITY-The latest S&P/Case Shiller Home Price Indices show some of the most significant gains the 10- and 20- city composite has seen in months—and industry leaders from NAR, REBNY and USC Center for Real Estate tell GlobeSt.com why.

By Jacqueline Hlavenka | Updated on June 27, 2012

(Save the date: RealShare New York comes to the Grand Hyatt, New York, NY, October 9.)

NEW YORK CITY-The single-family home market is beginning to show signs of improvement as inventory continues to drop, mortgage rates remain low and affordability stay at an all-time high. The latest S&P/Case-Shiller indices for the month of April show that average home prices increased 1.3% for both the 10- and 20- composite – and while one month does not make a trend, the combination of rising positive monthly index levels and improving annual returns is a sign that the residential market is stabilizing.

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