Home Prices Up Nationally

As you know, I don't usually write stories about the national real estate market because real estate conditions are local in nature and that's what I like to write about.  One thing could be happening in Miami and the exact opposite could be happening in Portland, so national information can sometimes be misleading for local conditions.

But I thought it worth noting that the very accurate and trusted Standard & Poor's/Case Shiller index has reported that home prices across the country jumped 2% in August as compared to the same time last year.

That is the third straight increase.  More importantly, the increase was at a faster pace in July which seems to indicate a steadily improving national real estate market.

The report stated that real estate prices increased during the year ended August 30, 2012 in 19 of the 20 cities tracked by the index.  Since Tampa is one of the cities tracked, that kind of makes it a local story so I decided to write about it.  The only city that had a decline was Seattle.

So, there's a little good news for you!

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