Christie’s Great Estates…News from the Network

The first reported increase in U.S. home prices, after 34 straight months of decline, made headlines around the world. May’s Standard & Poor’s Case-Shiller index results, released at the end of July, were consistent with other housing indicators and represent a significant shift, fueling hopes for a global economic turnaround. In the 20 U.S. markets tracked in the Case-Shiller study, 15 reported that home prices had risen or remained stable. Additionally, sales of new and existing homes rose for three consecutive months through June and housing starts were also up in June.