Home Prices in 20 U.S. Cities Increase by Most in Two Years – Bloomberg 10–30-12

Salient to Investors:

The S&P/Case-Shiller index of property values in 20 cities rose 2 percent from August 2011, the biggest year-to-year gain since July 2010, a sign housing will help drive economic growth.

Anika Khan at Wells Fargo Securities said the modest momentum will continue.

The average rate on a 30-year, fixed-rate loan was at 3.41 percent last week.

Americans bought new homes in September at the fastest pace in two years, with demand up 27.1 percent from a year ago.

Read the full article at http://www.bloomberg.com/news/2012-10-30/home-prices-in-20-u-s-cities-increase-by-most-in-two-years.html