S&P Dow Jones Indices LLC, a subsidiary of The
McGraw-Hill Companies and the world’s largest global resource for index-based
concepts, data and research, has this Wednesday released its
S.&P./Case-Shiller index, an indicator of the value of residential real
estate in 20 metropolitan regions across the United States, which showed that
prices increased 4.3 percent from October 2011, the largest year-over-year
increase in two and a half years.
As disclosed in the report, prices rose year-over-year in 18
of the 20 metropolitan areas tracked by the index. Only Chicago and New York
saw decreases. Home prices in Phoenix have risen for the 13th month in a row.
San Diego was second best with nine consecutive monthly gains. Miami’s increase
was the fourth-highest among the list of 20.
