Housing Market Showing Hidden Strength

In the ‘good news’ category for sale by owner home sellers, recent Case-Shiller Index data indicates there’s more strength in the housing market than many in the industry recognizes. Prices have appreciated in the middle- and high-priced segments of the market in many cities, not just in the low-priced segment. Prices in all categories of the market went up from May to June in major cities including Boston, Washington, and Chicago. High-end prices went up even in hard-hit Phoenix. Las Vegas is the only one of the 17 metro areas that saw a price drop in all three price categories in June.

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