Wednesday, May 29, 2013

U.S. Home Prices Rise

The U.S. is in a more positive mood.  See NY Times:

"Americans are in a buying mood, thanks largely to the housing recovery.  The latest sign emerged Tuesday as the Standard & Poor’s Case-Shiller home price index posted the biggest gains in seven years. Housing prices rose in every one of the 20 cities tracked, continuing a trend that began three months ago. Similar strength has appeared in new and existing home sales and in building permits, as rising home prices are encouraging construction firms to accelerate building and hiring."

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