In another example of the advancement of the U.S. economy, Case-Shiller published the statistics on housing prices in the major metropolitan areas in the country. This index is a common measure that is touted by most of the major news sources and business publications such as the Wall Street Journal, Forbes, Fortune and the Disneyland Weekly.
If you only want the cliff notes version, then here's the conclusion: U.S. residential real estate continues to advance in nearly all the major geographic areas. Portland, OR leads the group with a 12.4% year-over-year gain, but Seattle and Denver were also strong. The index that reflects the Case-Shiller measure is just shy of the record set in late 2006.
This measure does not measure residential real estate in the smaller areas found int he Midwest or plains' states. We suspect that this helps illustrate the divergence in financial gains between the major coastal states and those in the center of the country.
If you were reading carefully and wanted to know how to subscribe to the Disneyland Weekly you'll be disappointed. It doesn't exist.
Home price gains in July slow according to the S&P Corelogic Case-Shiller indices
Mike & the Berkeley team
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