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Economy
In reply to the discussion: STOCK MARKET WATCH -- Wednesday, 25 April 2012 [View all]xchrom
(108,903 posts)64. Fresh reports show little evidence of housing rebound
http://economywatch.msnbc.msn.com/_news/2012/04/24/11374835-fresh-reports-show-little-evidence-of-housing-rebound?lite
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Hopes may be fading for a long-awaited spring rebound in the U.S. housing market.
Two widely watched benchmarks Tuesday signaled that the pace of sales softened and prices fell last month. And a prominent housing economist warned that the market may not stage a major turnaround in our lifetimes.
Falling home price were recorded in 20 cities tracked by the Standard & Poor's/Case-Shiller home price index. Prices in the 20 cities fell 3.5 percent year over year, moderating from the previous month's decline of 3.8 percent.
The composite index of 20 cities gained 0.2 percent in February on a seasonally adjusted basis, matching economists' forecasts. But overall, the trend of falling prices has yet to reverse course, according to Maureen Maitland, a Standard & Poor's vice president.
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Hopes may be fading for a long-awaited spring rebound in the U.S. housing market.
Two widely watched benchmarks Tuesday signaled that the pace of sales softened and prices fell last month. And a prominent housing economist warned that the market may not stage a major turnaround in our lifetimes.
Falling home price were recorded in 20 cities tracked by the Standard & Poor's/Case-Shiller home price index. Prices in the 20 cities fell 3.5 percent year over year, moderating from the previous month's decline of 3.8 percent.
The composite index of 20 cities gained 0.2 percent in February on a seasonally adjusted basis, matching economists' forecasts. But overall, the trend of falling prices has yet to reverse course, according to Maureen Maitland, a Standard & Poor's vice president.
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