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Housing notches tiny gains

Posted on 26 April 2012

Fresh economic benchmarks painted a mixed picture of the nation’s housing market, reflecting a sector that is inching forward amid fits and starts.

The most closely watched indicator Tuesday was the Standard & Poor’s/Case-Shiller index, which tracks home prices in 20 cities. The index hit a new low in February, falling 3.5% below its year-earlier mark to a level not seen since late 2002. But the decline 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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