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Home prices increase during the second quarter of 2012

Posted on Tuesday, September 4, 2012 at 4:29:23 PM

Concrete data from all three headline S&P Dow Jones Indices composites showed that home prices have ended the second quarter of 2012 with positive annual growth rates for the first time since the summer of 2010. According to the S&P/Case-Shiller Home Price Indices, the index measuring the national market rose 1.2 percent since the second quarter of 2011. In addition, home prices improved 6.9 percent between the first quarter of 2012 and the second.

"Home prices gained in the second quarter," said David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. "In this month’s report all three composites and all 20 cities improved both in June and through the entire second quarter of 2012.  All 20 cities and both monthly Composites rose for the second consecutive month."

Such sweeping positive news could entice homebuyers to consider applying for residential financing in the near future. Home Loan Investment Bank offers high-quality, fair and affordable loan rates that are ideal for purchasing that first or second home in an improving national housing market.ADNFCR-16001052-ID-800855355-ADNFCR