Housing
The U.S. Housing Recovery: Still Uneven
Parsing the latest numbers from the S&P/Case-Shiller Home Price Indices.
The U.S. housing market continues to recover, based on new numbers [PDF] from the flawed but still influential S&P/Case-Shiller Home Price Indices. But at the metro-area level, the recovery is decidedly uneven.
Case-Shiller uses two measures: the 10-city and 20-city composites of 20 major U.S. metros. In August versus July 2012, average house prices increased by 0.9 percent for both composites, according to this morning's fresh report.