Post Double Dip, Case-Shiller Index Edges Higher
06/28/2011 By: Carrie Bay
One month after reporting that its home price gauge had officially double dipped, Standard & Poor’s says prices have inched up, in line with the expected seasonal boost that accompanies the spring buying season.
The 20-city composite reading of the S&P/Case-Shiller index posted a 0.7 percent increase in April versus March. It’s the first monthly gain in eight months.
The 20-city composite reading remains 4.0 percent below April 2010.
From: http://ping.fm/NOvF5
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