Fiserv Case-Shiller: First Year-Over-Year Increase in Home Prices Since 2006

From In the first quarter of 2010, U.S. single-family home prices rose an average of 2 percent over the year-ago quarter, the first year-over-year national gain since 2006, according to Fiserv Case-Shiller Indexes. Despite the gain in the national average, prices were actually lower in 303 of the 384 metro areas compared to the 2009 first quarter. The overall increase was driven by strong price increases in markets such as the San Francisco Bay Area and Washington, D.C. However, prices in many markets continued to plummet, with double-digit drops in Detroit, Las Vegas and many small Florida markets.

Detailed information on the Indexes can be found at the Fiserv Case-Shiller website, click here.