By: Yahoo/Daily Ticker Oct 29, 2013
Single-family home prices rose in August, posting their strongest annual gain in more than seven years, according to the S&P/Case Shiller Home Price Index data released Tuesday.
And while Case Shiller data shows home prices have risen 12.8% over last year, data shows the pace of home value appreciation has slowed quarter to quarter this year.
So how is the the co-founder of the S&P Case/Shiller Home Price Index (also a 2013 Nobel Prize-Winner in economic sciences) thinking about home prices, and is he worried about another housing bubble?
Ron Henderson GRI, RECS, CIAS
Multi Real Estate Services, Inc
Gov’t Affairs Chair – California Association of Mortgage Professionals