The latest release of the S&P/Case-Shiller home price indices for July 2012 reported that the non-seasonally adjusted Composite-10 price index increased 1.52 percent since June.
As of late-July, home prices have increased 4 percent above the level seen in July 2011, according to a home price index by Radar Logic.
Rising home values and declining foreclosure rates indicate a slow but steady recovery for the US housing market. Obstacles remain, however, including negative equity due to 'underwater' mortgages.
Retail sales rose 0.9 percent from July 2012. On a year-over-year basis, retail sales rose 4.7 percent.
In June, the price of residential properties in Hong Kong increased 1.18% since May and climbed 6.64% above the level seen in June 2011. Prices continue to rise each month, according to new data from the University of Hong Kong.
Home prices are enjoying a very clear upward trend, but the rise in home prices may be a mere side effect of the more active spring and summer buying seasons.
Consumer confidence index in the US plunged to its lowest level since November 2011, hinting the Americans are feeling worse about the economy than they have in a long time. The drop in the consumer confidence index is the latest swing for the volatile measure, which has been on a roller-coaster for much of the past year.
According to newly released figures, in April, the price of residential properties increased over 3% since March and climbed 7.11% above the level seen in April 2011, leaving some analysts wondering if the region might be experiencing a bubble.