Saturday, February 11, 2012
Home prices may be stabilizing, market tracker shows
The S & P/Case-Shiller index of prices in 20 major cities rose in May over its April level for the first time since 2006. Analysts say it’s too early to declare that the free fall in prices is over.
Another sign emerged that the nation’s struggling housing market may be nearing its bottom as a widely followed national home-price index posted its first gain in nearly three years.
Home prices may be stabilizing, market tracker shows
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