Tuesday, November 24, 2015

Home Prices in 20 U.S. Cities Increase 5.5 Percent in Year to September - Bloomberg Business

Dirtect link to Bloomberg article:  Home Prices in 20 U.S. Cities Increase 5.5 Percent in Year to September - Bloomberg Business:

Abstract:
Home prices in 20 U.S. cities climbed more than forecast in September from the same month last year, signaling residential real estate is sustaining momentum."The 5.5 percent increase in the S&P/Case-Shiller index of property values was the biggest year-over-year gain since August 2014 and followed a 5.1 percent advance in the previous month, the group said Tuesday. The median estimate of economists surveyed by Bloomberg called for a 5.2 percent increase. Nationally, prices rose 4.9 percent."

Comment:
San Francisco was one of the big gainers as typical of late.  The Tahoe market is led by the Bay Area.  Values continue to trend up nicely with a somewhat limited supply of quality properties.

If you have an interest in Incline Village real estate, and questions, please contact me via Randy@RandyBull.com and I will be happy to assist you.  Tahoe living is simply the best.



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