According to the March Case-Shiller Index, home values rose in 12 of 20 tracked markets, and one remained unchanged.
Standard & Poor’s released its September 2011 Case-Shiller Index this week. The index tracks home price changes in select cities between months, quarters, and years. The Case-Shiller Index for September showed drastic devaluations nationwide.
Since bottoming out in March of this year, the Case-Shiller Index is up nearly 4 percent.
Mortgage rates continue drifting downward, despite — or because of — a ratings downgrade on long-term U.S. government debt.