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Housing market still bottoming and not turned around, Case-Shiller sonfirms

Posted on 28 September 2011

The housing market continues to bottom, despite a fourth consecutive monthly increase in the S&P/Case-Shiller’s home price index. While the 10-city and 20-city composite indices both gained 0.9% in July over June, year-over-yea numbers “indicate that the housing market is still bottoming and has not turned around,” according to index Chairman David Blitzer.
Battered markets take any glimmer of hope in the housing market as a possible sign of a turn around. July’s Case-Shiller index seemed a positive report in the face of it, with both indices recording a fourth consecutive monthly gain and 17 of the 20 Cities surveyed posting positive increases……………………………………….Full Article: Source


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