27.09.2012 - Slowly rising U.S. house prices positive for U.S. economy
The Case-Shiller Home Price Index (HPI) of 20 metro areas rose 0.4% in July, marking the sixth consecutive monthly increase. An alternate price measure such as the CoreLogic Home Price Index shows almost a similar trend. However, it should be noted that these gains are occurring from extraordinarily low levels (see chart below) and the underlying trend is one of slight deceleration, which reduces the optimism rendered by the headline, somewhat...............................................Full Article: Source
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