Connect with us
A dwindling inventory of foreclosed properties has helped restrict the supply of homes for sale, pushing up prices despite pricing mortgage rates.

archive

Shrinking Inventory Helps Boost Home Prices in Many U.S. Cities

A dwindling inventory of foreclosed properties has helped restrict the supply of homes for sale, pushing up prices despite pricing mortgage rates.

Shrinking Inventory Helps Boost Home Prices in Many U.S. Cities (Bloomberg)

A dwindling inventory of foreclosed properties has helped restrict the supply of homes for sale, pushing up prices despite pricing mortgage rates. Home prices in 20 U.S. cities rose in October from a year ago by the most in more than seven years, showing signs of a U.S. real-estate rebound. The S&P/Case-Shiller index of property prices in 20 cities climbed 13.6 percent from October 2012, the biggest 12-month gain since February 2006, after a 13.3 percent increase in the year ended in September, a report from the group showed today. The median projection of 22 economists surveyed by Bloomberg called for a 13.5 percent advance.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

Advertisement
Advertisement

TRENDING NOW:

YouTube Won’t Let You Watch Lauren Southern’s ‘Borderless’

FOREIGN AFFAIRS

DONKTUM: Restricting the Range of Consciousness.

CULTURE

Lauren Southern’s Borderless Deleted By YouTube. ENOUGH.

U.S. POLITICS

EuroParl Elects: Brexit Booms, Le Pen Beats Macron, Salvini Surges… Greens Gain!?

FOREIGN AFFAIRS

archive

Shrinking Inventory Helps Boost Home Prices in Many U.S. Cities

Shrinking Inventory Helps Boost Home Prices in Many U.S. Cities (Bloomberg)

A dwindling inventory of foreclosed properties has helped restrict the supply of homes for sale, pushing up prices despite pricing mortgage rates. Home prices in 20 U.S. cities rose in October from a year ago by the most in more than seven years, showing signs of a U.S. real-estate rebound. The S&P/Case-Shiller index of property prices in 20 cities climbed 13.6 percent from October 2012, the biggest 12-month gain since February 2006, after a 13.3 percent increase in the year ended in September, a report from the group showed today. The median projection of 22 economists surveyed by Bloomberg called for a 13.5 percent advance.

Newsletter Signup.

Sign up to the Human Events newsletter

TRENDING NOW:

YouTube Won’t Let You Watch Lauren Southern’s ‘Borderless’

FOREIGN AFFAIRS

DONKTUM: Restricting the Range of Consciousness.

CULTURE

Lauren Southern’s Borderless Deleted By YouTube. ENOUGH.

U.S. POLITICS

EuroParl Elects: Brexit Booms, Le Pen Beats Macron, Salvini Surges… Greens Gain!?

FOREIGN AFFAIRS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter