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Home prices continue to rise in most major metro areas

dennis-norman-realtorHome prices in November rose 5.5 percent from the year before, according to the S&P Case-Shiller 20 city composite that was just released. According to the report, 19 of 20 cities covered in the index, for the 12 months ended in November, prices rose in 19 of the 20 cities and fell in New York. Additionally, 19 of 20 cities saw home prices rise faster in the 12 months to November than in the 12 months to October.

David M. Blitzer, chairman of the index committee, when speaking about this latest report, said “the November monthly figures were stronger than October, with 10 cities seeing rising prices versus seven the month before.”