Home prices, consumer numbers on the rise
Housing sales in New York City went up 2.7% between March 2012 and 2013. Credit: Housing sales in New York City went up 2.7% between March 2012 and 2013. (iStock)
Home prices accelerated the most in nearly seven years in March, as the spring buying season gave the sector traction, while surging consumer confidence pointed to some resilience for the economic recovery.
The S&P/Case Shiller composite index of home prices in 20 metropolitan areas climbed 10.9% year over year, beating expectations.
Housing prices in New York City went up 2.7% from a year ago.
Separate data showed consumer confidence picked up in May to its highest in more than five years, at 76.2 in the midst of a stock market rally and lower gasoline prices.
How investigators cracked the Gilgo Beach murders case A combination of turning to the public and the FBI for help, and using cutting-edge DNA technology helped investigators finally identify Rex Heuermann as the prime suspect in the Gilgo Beach serial murders. NewsdayTV's Virginia Huie has the story.
How investigators cracked the Gilgo Beach murders case A combination of turning to the public and the FBI for help, and using cutting-edge DNA technology helped investigators finally identify Rex Heuermann as the prime suspect in the Gilgo Beach serial murders. NewsdayTV's Virginia Huie has the story.
