Housing Comeback Reported in America's Hardest-Hit Cities

The long-awaited recovery of America's housing market, after six years of decline, seems to be gaining traction, with the latest data indicating increasing prices in hard-hit cities like Miami, Atlanta, and Detroit.
Shaila Dewan reports on new data contained in the S.&P./Case-Shiller Home Price Index, which tracks prices nationally and in 20 major cities. In the most recent report, both measures showed improvement over the last year. "Though prices were still depressed in a few of the cities compared with a year ago, every one of them showed price gains from May to June."

"Home prices are still down almost a third from their peak in 2006," notes Dewan, "but most recent reports are pointing to a slow recovery and increased optimism that could encourage potential buyers to take the plunge."

Full Story: Hard-Hit Cities Show a Housing Rebound

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
City Plate table setting

New Arrival! City Plates

City downtown cores printed on gorgeous decorative collectible porcelain plates.
$50.00
Book cover of the Guide to Graduate Planning Programs 2012

Thinking about Grad School?

You need the essential resource for prospective planning students
Starting at $24.95