90
      Monday
      93 / 75
      Tuesday
      94 / 74
      Wednesday
      92 / 74

      Housing prices rise

      There is encouraging news in the housing market. Home prices in 20 major markets posted a 9.3 percent rise over the last 12 months.{} That is according to the S&P Case-Shiller Index.{} This rate is up from the 8.1 percent rise in January.{} It is also the biggest 12-month gain in the index since May 2006.The housing recovery has been driven by a near record-low mortgage rates, a drop in foreclosures and reduced unemployment.{} Despite the improvement, the index is still down 28 percent from the peak in 2006.

      component-story-more_media_horiz-v1-01
      FOLLOW US ON TWITTER