Higher property values, in addition to stock-market returns, are cited as reasons for the rise from 81 last month.
Additionally, a report from S&P/Case-Shiller showed that the increase of home prices had started to cool, with property values rising to 12.1 percent since June 2012.
“The rate of growth of home prices is certainly slowing, but we’re still posting respectable year-over-year increases,” said Brian Jones, a senior U.S. economistat Societe Generale in New York. “Housing’s in good shape. We’re always going to keep one eye on mortgage rates to see if there is an appreciable impact going forward.
Manhattan Home Prices Inch Higher
It was also reported that 5.1 percent of Americans said they planned to buy a house within the next six months. This is a drop from almost 7.0 percent in July, which was the biggest percentage since the 1970’s, when the record keeping began.
