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US: Home prices fall 0.6% as rate of decline slows

Posted on 02 July 2009

From WSJ: U.S. home prices eased their slide in April, but rising unemployment and shaky consumer confidence are weighing on prospects for a recovery in the housing market and broader economy.
Home prices in 20 major cities fell an average 0.6% in April, an improvement from the 2.2% decline the prior month, according to the Standard & Poor’s/Case-Shiller index released Tuesday. Thirteen metropolitan areas had price gains in April, led by Dallas, Denver and Cleveland, where prices rose 1% or more from the previous month……….Full Article (Subscription Required) : Source


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