Home prices in the nation's largest cities rose from July to August, according to a closely watched index, adding to a turnaround in housing this year.
The Standard & Poor's/Case-Shiller index of 20 American cities, a key measure that is closely watched by economists, rose 0.9% from July to August and 2.0% from August 2011.
Nineteen of the 20 cities posted positive monthly gains in August.
“Home prices continued climbing across the country in August,” David Blitzer, chairman of the S&P index committee, said in a release announcing the new data Tuesday.
The Phoenix metro area isleading the home price recovery, with home prices there up 18.8% from August 2011. Los Angeles was up 2.1%, San Diego 1.9% and San Francisco 5.3%.
Atlanta continued to lag the recovery down 6.1% year-over-year. Chicago was down 1.6% and New York 2.3%.
Housing sales figures Florida:
These figures for August 2012 reflect increases from August 2011:
Condo sales in Broward: up 2.4%; Total number of sales: 1,419
Condo sales in Miami-Dade: up 8% to 1,492
House sales in Broward: up 15% to 1,369
House sales in Miami-Dade: up 5% to 1,059
SOURCE: Miami Association of Realtors
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