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Home prices rise for sixth month, a sign of recovery


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2012 Sep 25, 11:16am   1,086 views  1 comment

by BoomAndBustCycle   ➕follow (1)   💰tip   ignore  

http://finance.yahoo.com/news/home-prices-consumer-confidence-gain-145737936.html

U.S. home prices rose for a sixth straight month in July in the latest sign of a sustainable housing market recovery, while a jump in consumer confidence this month offered a harbinger that Americans are ready to loosen their spending.
Six years after its collapse, economists believe the housing market has turned a corner.

A U.S. flag decorates a for-sale sign at a home in the Capitol Hill neighborhood of Washington, August 21, 2012. President Barack Obama said on Monday the U.S. housing market was "beginning to tick up" but was still not where it needs to be.

#housing

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1   BoomAndBustCycle   2012 Sep 26, 2:05am  

Couldnt the same logic be attributed to fallling home prices.... When the median was falling due to foreclosures of lower priced homes? You can't have it both ways.

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