US home prices snap losses, rise in AprilJune 26th, 2012 - 9:45 pm ICT by IANS
New York, June 26 (IANS) US home prices rose in April, snapping seven consecutive monthly losses, an industry report said Tuesday.
The S&P;/Case-Shiller Home price index, the leading measure of US home prices, showed that on an average home prices increased by 1.3 percent in April, Xinhua reported.
“With April 2012 data, we finally saw some rising home prices,” said David M. Blitzer, chairman of the Index Committee at S&P; Indices.
Comparing with the same period last year, prices were down 1.9 percent, but still beating expectations of a 2.5 percent decline, and an improvement from the 2.6 percent annual decline seen in March.
“While one month does not make a trend, particularly during seasonally strong buying months, the combination of rising positive monthly index levels and improving annual returns is a good sign,” said Blitzer.
- US housing prices dipped in October - Dec 28, 2011
- US housing prices at lowest point in a decade - Apr 25, 2012
- US new homes sales decline in June - Jul 27, 2011
- US housing prices still falling - Feb 01, 2012
- House prices still falling in US - Mar 30, 2011
- US home prices up for first time in eight months - Jun 29, 2011
- Wall Street takes breather after Fed-fuelled rally (Lead) - Mar 28, 2012
- Wall Street ends May lower, snapping five-month winning streak - Jun 01, 2011
- US stocks flat after Fed-fuelled rally - Mar 28, 2012
- Wall Street ends mixed despite EU optimism - Nov 30, 2011
- Wall Street falls sharply amid Libya unrest - Feb 23, 2011
- US stocks up for second day on Greece hope - Jun 29, 2011
- US stocks fall despite housing gains - Sep 30, 2009
- US stocks rise in midday trading - Dec 28, 2011
- Most US stocks fall on low consumer confidence - Jul 29, 2009