Home prices increase for first time in eight month

Location in the state of California

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According to the latest S&P/Case-Schiller Home Price Indices the 10-city composite rose 0.8 percent and the 20-city composite rose 0.7 percent April, 2011 over March, 2011. While the indices for March, 2011 were the lowest reported since the start of the recession, April figures represented the first gain in 8 months. While some experts are reporting that there may still be lower prices throughout 2011, these new figures may represent that we have found the bottom of the market in several major U.S cities.

All of the California cities in the composite reported gains in April, 2011 over March, 2011. The San Diego index saw +0.4 percent for this reporting period.

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About catherinetalksrealestate

I am a San Diego native who loves everything about San Diego. I enjoy camping, hiking and reading. I am a licensed real estate agent in San Diego working with Coldwell Banker.
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