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Shiller Time: LA Home Prices Are Still Going Up, Up, Up

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Standard & Poor's released the latest update to their Case-Shiller home price index, and there are no surprises there: home prices continued to climb in Los Angeles and pretty much everywhere else in the country, too. All 20 cities in the index showed gains from last April for the fourth straight month, and all but Detroit saw prices rise from their March levels. While prices are rising faster here than the national average, we're not quite blowing up like San Francisco, Las Vegas, and Atlanta, which have all seen price gains of more than 20 percent in the last year. Here things rose a much more reasonable 18.8 percent, according to the index. Between March and April prices rose 3.4 percent in LA, much faster than the February-to-March increase of 2.3 percent. Meanwhile, mortgage rates have climbed a full percentage point to around 4.5 percent in just the last month. Will that start to cool things down a little?
· Home Prices Set Record Monthly Rise in April 2013 According to the S&P/Case-Shiller Home Price Indices [Press release]
· State O' the Market Archives [Curbed LA]