New data released today by S&P Dow Jones Indices showed that home prices have continually risen over the last 12 months. The data, from the S&P/Case-Shiller Home Price Indices, report a 4.5% annual increase om June, versus a 4.4% increase in May.
“Nationally, home prices continue to rise at a 4-5% annual rate, two to three times the rate of inflation,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices.
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