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The S&P/Case-Shiller index gained 0.7% in October on a Seasonally adjusted basis. As you know, the Case-Shiller index is a compost index of 20 Metropolitan areas throughout the US.
Single Family Home Sale prices in the 20 cities rose 4.3% in 2012 from 2011, surpassing predictions of a 4.0 increase.
Case-Shiller is one of the most widely recognized Home Sale surveys. This October Report, combined with existing data on housing starts, builder stats, and our T&C Homesales Reports confirm the housing market is poised for a strong performance in 2013.
