Home Prices Increase 1.1 Percent In June

Date August 17, 2008

Nationwide, the median price of a single-family home increased 1.1 percent in June, but declined 11.5 percent over the year, according to the Integrated Asset Services’ Housing Price Index, a provider of default management and residential collateral valuation services, which launched its first IAS360TM Housing Price Index in June.

"The IAS360 HPI is not a seasonally adjusted or smoothed index," David McCarthy, president and CEO of Integrated Asset Services said. "Typically, small month-to-month appreciation is present in the summer due to increased seasonal housing demand. Therefore, strengthening of the market in the summer can occur even when the longer term market trend might be downward."

source:  C.A.R.

Category Posted in Real Estate, Things of Interest

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