Assetz® News » HOME | RSS Feed FEED | LIST ALL ARTICLES | ASSETZ HOMEPAGE
Investment Property News from Assetz

Assetz® Property News Service

US property prices surge by 4.4%

7th September 2010 | back to article listings BACK    print this article PRINT

Property prices in the US increased by 4.4% in the second quarter of the year, after falling by 2.8% in the first three months, according to figures.

Standard & Poor's latest S&P/Case-Shiller Home Prices Indices show an increase in the US National Home Price Index. It follows the fall in the first quarter of the year and puts house prices in the US 3.6% higher than a year ago.

Some 15 of the 20 cities included in the index experienced a year-on-year increase in property prices, with homes in San Francisco (up 14%) and San Diego (up 11%) performing particularly well.

Standard & Poor Index Committee chairman David M. Blitzer said: "Even with concerns about near term developments, we recognize that the housing market is in better shape than this time last year. Further, California's cities have moved from some of the hardest hit to three of the four leading cities based on year-over-year gains."

British property investors have been encouraged to invest in the US by Mayfair International Realty because home sales in the country are slowing, according to its research.

Copyright © Press Association 2010

Assetz® is a UK and International Property Investment Specialist. Please visit our property sites shown below.

Assetz for Investors UK Assetz Hotels Assetz Homes Assetz International Assetz France Assetz Spain Assetz Cyprus Assetz Germany Assetz Portugal Assetz Ski Assetz Cape Verde Assetz USA Assetz Finance Assetz Fund Management

Accessing the news service

You can view all of the Assetz® UK, International and UK Property Investment Articles and News here.

We also provide an RSS Feed Feed of the news service, or you can view all articles. Click here to view more information on RSS readers and how they make reading online news more convenient.

eXTReMe Tracker