From Florida Realtors Website – Aug. 30, 2011
Spring buying pushed home prices up for a third straight month in most major U.S. cities in June. Analysts say home prices have stabilized in coastal cities over the past six months. But many Sun Belt cities have reached their lowest point since the housing market went bust more than four years ago.
“These shifts suggest that we are back to regional housing markets, rather than a national housing market where everything rose and fell together,” said David M. Blitzer, chairman of the S&P’s index committee. The index measures prices compared with those in January 2000 and creates a three-month moving average. The June data is the latest available.