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A Look at Case-Shiller, by Metro Area

Wall Street Journal Original article ›

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A careful examination of the Case-Shiller 20 City Index shows that even though housing prices increased by 5.9% year to date through July 2012, when looked at year over prior year only 2 cities Minneapolis and Detroit show an increase over 6%, other than Pheonix at 16%. It increased only 1.2% over the prior year in July 2012. Sixteen cities showed increases, Atlanta, Chicago, Las Vegas and New York showed declines. For this reason the interpretation of this one month data should be done cautiously as it can be skewed by unusual factors such as lower short and foreclosure sales according to experts.


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