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Data from both S&P/Case-Shiller and FHFA showed gains in areas across the country.
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The S&P/Case-Shiller Home Price Indices were up on a seasonally adjusted monthly basis in November, though cities saw some seasonal slowdown.
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Improvements in new-home sales, pending home sales, and home prices suggest improvements are ahead for the housing market.
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The S&P/Case-Shiller composite index outpaced economists’ expectations in August, offering impressive year-over-year numbers.
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Several metros once seen as poster children for the bust are now among the most rapidly improving.
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All three indices were up annually in the second quarter for the first time since the home buyer tax credit ended.
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After months of dreary reports, the S&P/Case-Shiller indices joined the growing chorus of metrics boasting good news for the industry.
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Once seasonally adjusted, however, the three indices show a slight uptick in March.
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Eight cities and both composite indices hit new index lows during the month.
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The numbers conflict with FHFA’s home price data, a discrepancy stemming from the kinds of transactions each index tracks.