WebHeader_Grove.png
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Support NHPR with a year-end gift today for 2 chances to win a trip to Aruba!

More Positive News On Housing: Prices Rose For Third Straight Month

A home for sale in Los Angeles last month.
Kevork Djansezian
/
Getty Images
A home for sale in Los Angeles last month.

Home prices rose in July from June by 1.5 percent in its 10-city index and 1.6 percent in the 20 major cities where it tracks changes, the latest S&P/Case-Shiller Home Price Indices report shows.

According to the report:

"For the third consecutive month, all 20 cities and both composites recorded positive monthly changes. It would have been a fourth had prices not fallen by 0.6% in Detroit back in April."

"All in all, we are more optimistic about housing. Upbeat trends continue," says economist David Blitzer, the chairman of the index committee at S&P Dow Jones Indices.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists – helping them raise the right questions as they do their work and uphold the organization's standards.

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.