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Have US house prices hit the bottom?

Posted on 01 June 2012

Hopes are high that US house prices have finally troughed. In seasonally adjusted terms, the Case-Shiller index reported its strongest quarterly gain in two and a half years between January and March. Another index from CoreLogic showed a third successive monthly price increase in April.
The median price of previously owned houses is up 10.1% year-on-year, says the National Association of Realtors. Sales of existing houses are at their highest annual rate in two years………………………………………..Full Article: Source


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