Single-family home prices rose in September for an eighth straight month in a further sign that the housing market is on the mend, a closely watched survey showed on Tuesday.
The S&P/Case Shiller composite index of 20 metropolitan areas gained 0.4 percent in September on a seasonally adjusted basis, in line with economists' forecasts.
The index's eighth month of gains on a seasonally adjusted basis is the longest since prices bounced in 2009 after the government unleashed stimulus measures following the market's collapse the previous year.
"This is the positive trend that prices have been on for the past year. The housing sector continues to recover," said Peter Hooper, global chief economist at Deutsche Bank.
Prices in the 20 cities rose 3.0 percent year over year, just topping expectations for a rise of 2.9 percent.
"In September's report all three headline composites and 17 of the 20 cities gained over their levels of a year ago," David Blitzer, chairman of the index committee at Standard & Poor's, said in a statement.
The greater Houston area, which includes homes in The Woodlands, has been one of the most stable real estate markets in the U.S. throughout the crisis, thanks to its strong economy, supported by the energy industry, among other factors, making it one of the metro areas in the United States to buy a home.
For more information about homes for sale in The Woodlands, please call realtor Luis Tamborrel at (832) 482-9367.
Hablamos Español y contamos también con información sobre casas en Woodlands, comuníquese al al 55.4991.4933 o Nextel 72*13*9814 desde México.
Source: nbcnews.com