Seattle-area home prices on the riseon August 28, 2012 @ 6:44 am (Updated: 8:29 am - 8/28/12 )
Home prices continue to climb in the Seattle area and across the country, according to the newly released Standard & Poor's/Case-Shiller home price index. Experts say it's just the latest indication the nation's economy is improving.
The report says Seattle-area prices were up 1.8 percent month-over-month, the fourth straight monthly increase.
Prices also increased 1.8 percent compared with June 2011, the second consecutive year-over-year rise in King, Snohomish and Pierce counties.
All 20 cities tracked by the index also rose in June from May, the second consecutive time in which every city posted month-over-month gains. All but two cities posted stronger gains in June than May.
"The combined positive news coming from both monthly and annual rates of change in home prices bode well for the housing market," said David Blitzer, chairman of the S&P's index committee. "The market may have finally turned around."
Not the End
Officials have another trick up their sleeves to help save King County's bus service
Richard Sherman recognized along with Beyonce, Jeff Bezos and the Pope
The FDA is about to regulate a product that helps people quit tobacco
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.