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Home Prices Show Mixed Improvement


Home Prices Show Mixed Improvement

Home Prices Show Mixed Improvement
News from New York Times:

Home prices rose in March from February in most major American cities surveyed, according to a private housing report on Tuesday, marking the first increase in prices in seven months.

A separate economic report, however, showed that Americans’ confidence in the economy in May had its biggest drop in eight months.

The Standard & Poor’s Case-Shiller home price indexes showed that prices increased in 12 of the 20 cities it tracks. The overall index was essentially unchanged from February, after falling 0.8 percent from January, and it was down 2.6 percent from March a year ago.

Three of the weakest markets reported signs of improvement: prices increased in Tampa and Miami, while prices in Las Vegas were unchanged.

The biggest month-over-month increases were in Phoenix, Seattle and Dallas. Prices dropped sharply in Detroit, Chicago and Atlanta.

The increases partly reflect the beginning of the spring selling season. The month-to-month prices aren’t adjusted for seasonal factors.

The Conference Board says its Consumer Confidence Index now stands at 64.9 points, d…………… continues on New York Times

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Related News:

York Area Regional warns of home improvement scams in area
News from York Daily Record:

Police urge caution when someone comes to your door.

The York Area Regional Police Department is warning people to be cautious on home improvements, after receiving a number of reports of roofing scams in the area.

Be aware of people “who approach unsolicited for any type of home improvement job or purchasing opportunity,” a department news release states.

Police offer these tips for when someone comes to your door:

— Do not let anyone in your house, unless you are completely confident the person is legitimate (reason: theft).

— Do not go outside your house with the contractor/salesperson (reason: diversion burglary)

— Do not give anyone money for any work not started without a contract (reason: theft)

Police also offer some “tell-tale signs to look for (or) to detect a scam,” courtesy of the Pennsylvania Office of Attorney General’s “A Consumer Reference Guide for Seniors”:

— Cash only: Cash, money orders or wire transfers should not be required for transactions. You should be able to use a check or credit card.

— Secret plans: No one should ask or instruct you not to tell anyone about the transaction.

— Get rich quick: Any scheme should be carefully investigated.

— Something for nothing: You will usually end up with nothing.</…………… continues on York Daily Record

… Read the full article

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