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U.S. house price indexes stability?

Posted on 30 June 2011

Latest reports on home prices are somewhat encouraging. The Case-Shiller Home Price Index (HPI) of April edged down 0.1% on a seasonally adjusted basis and advanced 0.7% on a seasonally unadjusted basis from March. The seasonally adjusted drop of the Case-Shiller HPI is smallest since July 2010.
The Case-Shiller HPI rose in nine out of the twenty metro areas in April. Other home price measures also suggest that prices are stabilizing. The FHFA HPI rose 0.8% in April, the first since May 2010, while the overall Core Logic HPI held nearly steady and the HPI excluding distressed properties moved up 1.3%, the fourth monthly gain……………………………………….Full Article: Source


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