Today, more data was added to the pile of proof that a housing recovery is indeed under way.
The Case-Shiller Home Price Index, which covers roughly half of U.S homes, showed that prices rose again during September — their sixth consecutive monthly increase.
For the 20-city composite index, prices gained 3% year-over-year vs. a 2% gain in August. Only Chicago and New York suffered annual declines, and even Atlanta — where prices have fallen for 26 straight months — posted a slight increase.
As David Blitzer, chairman of the index committee, put it: “It is safe to say that we are now in the midst of a recovery in the housing market.”
Let’s take a look at the 10 cities in the composite index with the largest annual gains in prices this September: