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US: Housing market inches ahead

Posted on 25 April 2012

A host of housing indicators offered mixed signals about the weak U.S. real-estate market on Tuesday. New-home sales in March fell from their February level, the Commerce Department said. Home prices hit a new low in February and were 3.5% below their year-earlier level, according to the Standard & Poor’s/Case-Shiller index, which tracks home prices in 20 cities.
But beneath those lackluster headline numbers, there were signs that housing could be improving slowly. The 3.5% annual decline in the Case-Shiller index represented an improvement from a corresponding 3.9% year-over-year drop recorded in January or the 4.1% drop in December………………………………………..Full Article: Source


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