Home prices improve in Q3

The home price level rose during the third quarter, despite stagnation in September, according to real estate records from FNC.

The home price level rose during the third quarter, despite stagnation in September, according to real estate records from FNC.

The price level at the end of September rose more than 2 percent compared to the same month in 2011. The figure was the same as August's level, according to the 100-MSA composite index from the firm. There was also a notable gain in the third quarter from the second quarter, as the price level jumped 1.8 percent, overall. Prices rose more than 4 percent from January's figure, as well.

The report explained that when comparing the 30 metropolitan statistical areas, the figure rose 0.2 percent from August, while it increased 2 percent from the second quarter's level. Additionally, the 10-MSA Composite improved 0.4 percent from the previous month, as well as 2.2 percent from one quarter earlier.

Other property data showed similar price improvements. Re/Max's National Housing Report for November revealed home prices rose 2.1 percent in October from the same month in 2011. This was the ninth-straight improvement of its kind.



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