Home Prices Have Biggest Percentage Gain In More Than Two Years

Posted by | November 27, 2012 10:51 | Filed under: Top Stories

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.

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Copyright 2012 Liberaland
By: Cheston Catalano

Cheston Catalano is a Kentucky-based journalist whose work has been featured in the Chattanooga Times Free Press and the Clarksville Leaf Chronicle. He is a long-time contributor to Liberaland.

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