 Appreciation in Home Prices FleetingTuesday, August 30, 2011 - Article by: John A Soricelli Jr -
Falling home prices have been the norm for some time. Now, a momentary respite is at hand. Home prices on a monthly basis rose in both April and May, according to the Case-Shiller Index, a widely followed measure of housing prices. Tuesday's release of the index for June is expected to extend that run to a third gain. This should provide the battered housing sector with some hope. Still, investors shouldn't get too giddy. For one thing, the yearly change in the index is a better measure of where prices are going. Things aren't as rosy on that front. According to a Federal Housing Finance Agency report last week, prices dropped 0.6% in the second quarter from the first quarter and fell 5.9% from last year's second quarter. On a monthly basis, prices were up 0.9% in June......read more. |
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