8 Major Indicators All Confirm A Strong Recovery In US Home Prices

Professor Mark Perry of the Carpe Diem blog summarizes the latest numbers from the major home price indices:

There’s a pretty strong consensus among economists and analysts that U.S. home prices bottomed in 2011 and have been gradually rising in 2012 as the housing market entered a new period of recovery this year. The chart above summarizes eight key home price indicators, which are all showing strong, positive increases in home prices (or asking prices) through either September or October on a year-over-year basis.  

home prices

Photo: Mark Perry

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.