Saturday, December 29, 2012

Home Prices Biggest Jump in Two Years

According to CNN Money, the housing market continues to pick up steam and home prices had the biggest percentage gain in more than two years in the S&P/Case-Shiller index.
"The index showed prices up 4.3% in October. That's the best improvement since May 2010. But that earlier increase was due to a temporary spike caused by a homebuyer's tax credit of up to $8,000 on homes purchased in late 2009 and early 2010.

Only two of the twenty cities tracked showed a decline from a year earlier.