Home Prices Have Biggest Percentage Gain In More Than Two Years
Submitted by Cheston Catalano
The S&P/Case-Schiller index shows the biggest growth in home sale prices in more than two years, another sign of a rebounding economy.
The 3.6% increase from a year earlier is more than three times the rise in the previous quarter and was the biggest jump in prices since the second quarter of 2010. But that 2010 rise was much more of a temporary blip caused by a homebuyer’s tax credit of up to $8,000 on homes purchased in late 2009 and early 2010.