Home prices in the United States continue to improve, according to the latest Standard and Poors/Case-Shiller Home Price Indices released this week. The report measured prices through January on two composites, a 10-city composite and a 20-city composite. Both composites showed annual home price improvement.
As of January 2010, home prices nationwide averaged levels similar to those of autumn of 2003. The report shows steady improvement in home prices since April of 2009 and the latest numbers are the best seen since 2007.
According to the report, home prices in San Diego were up 0.1% from December to January and a one year increase of 5.9%. Many real estate experts look at San Diego as a forecaster of the overall market. Most experts agree that the real estate market in California bottomed out in February of 2009.
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