Rising home values give cause for optimism
There’s cause for optimism about home values according to a pair of reports.
CoreLogic Inc CoreLogic IncLatest from The Business Journals CoreLogic: Phoenix leads the nation in home value gains Metro Memphis home prices down 5.1%, CoreLogic data shows South Florida home pricing climbs in April Follow this company. and Clear Capital Clear CapitalLatest from The Business Journals Washington housing prices still rising Region home prices shift slightly Sacramento home prices see slight shift Follow this company both reported positive momentum for home prices both in Portland and elsewhere.
The two California research firms come by their numbers differently, but together paint a portrait of a market showing the first real signs of growth in two years.
The reports stand in stark contrast to the most recent edition of the S&P/Case-Shiller Home Price Indices, which recorded a new post-recession low in March. Read more…