Home prices in 20 major US cities rose for a fourth straight month in September; Las Vegas most depressed market with peak-to-trough plunge of -55.4%
Nov 24th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Home prices in 20 major US cities rose for a fourth straight month in September, providing evidence of a stabilising property market. Data through September 2009, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, a leading measure of US city home prices, show that the US National Home Price Index improved in the third quarter of 2009, posting its second consecutive quarterly increase and further improvement in its annual rate of return. Las Vegas remains the most depressed market. Prices have declined for 37 consecutive months, with a peak-to-trough plunge of -55.4%.