Los Angeles Business Journal

Home Price Index Hits 2-Year High

Wednesday, September 26, 2012

The Standard & Poor's/Case-Shiller index says home prices in the nation's biggest cities have risen to their highest level in nearly two years, which the Los Angeles Times reports is an indication that a strong summer selling season helped put real estate on its most stable ground since crashing five years ago. The Wall Street Journal looks at why the index has become the favored benchmark of many economists in recent years.