27.09.2012 - Why the housing market is poised to enter a 'virtuous cycle'
By the less-demanding standards of the past few years, the latest housing figures, like many from recent months, look pretty good. On September 25, the Standard & Poor's Case-Shiller Home Price Index showed a 1.2% price gain in July compared to a year earlier. Prices have risen for three consecutive months. The National Association of Realtors (NAR) reported on September 26 that sales of existing homes had risen by 9.3% in August, compared to a year earlier, and that the median price of existing homes sold was up 9.5% over the past year. (NAR and Case-Shiller use different methodologies.)..............................................Full Article: Source
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