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Response to Tansy_Gold (Original post)

Wed Apr 25, 2012, 10:38 AM

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

&width=500

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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