Home Prices – July 2009

posted by Nima

September 29, 2009 · Posted in General Economics 

home-price-index-july-2009

Home prices nationwide continue to bounce back and have now risen for the 3rd month straight.

Top 3 monthly increases:

1. Minneapolis, MN: 4.58%
2. San Francisco, CA: 3.34%
3. Chicago, IL: 2.66%

Noteworthy: The only city there prices continue to decline is Las Vegas where home prices have dropped by 1.15% from last month.

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Comments

2 Responses to “Home Prices – July 2009”

  1. LauraB on September 30th, 2009 11:17 am

    Hi Nima,

    Do you know if this report includes houses bought back by the banks at foreclosure sales at full price so that they don’t have to recognize the losses?

    Thanks,

    Laura

  2. Nima on September 30th, 2009 11:27 am

    I’m pretty sure it does. I don’t see why it would not. It’s only a matter of time til this overhang floods the market …

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