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Home prices rise? Not really

Posted on 25 August 2011

The good news: The FHFA home-price index rose in June. The bad news: It’s still awful. The FHFA said its House Price Index rose 0.9% month-over-month in June, topping May’s 0.4% gain and solidly trumping the 0.2% economists expected.
But the gain masks the longer-term deterioration in prices, as demand remains at record low levels……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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