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Downward trend in US property prices slowing, latest index suggests

Posted on 14 June 2011

Residential property sales prices in the US continued a downward trend in May, but only half as far and half as fast as in April, according to the latest report from Clear Capital. Its latest Home Data Index shows that nationally prices fell 2.3% quarter on quarter and year on year they were down 7.6%.
The weakest market was the Detroit Metropolitan Statistical Area with a quarter on quarter change of -13.2%……………………………………….Full Article: Source

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