The most recent S&P/Case-Shiller Indeces report showed all three composites posting double-digit increases over the last four quarters. The national composite, which is the broadest based index, showed an increase of 10.2% annually.
Housing markets continue to improve according to the S&P Case Shiller Home Price Indices released April 30 for Februaryâs data. The Indices consist of a 10-City Composite Index and a 20-City Composite Index with housing markets for each city reported based on a three-month rolling average of home prices. The data released yesterday comprised the Indicesâ highest growth rates since May 2006.
Last week, the S&P/Case-Shiller Index showed home prices gaining 8.1 percent during the 12-month period ending January 2013, marking the largest year-over-year increases since the summer of 2006.