According to the Case Shiller home price index, prices have increased now for four months in a row. In fact, 17 of 20 major US cities increased 1.2% in August over July.
“U.S. home prices have apparently bottomed,” wrote Harm Bandholz, an economist for UniCredit Markets. (source MarketWatch.com)
This is a positive sign in what has been 3 years of a devastating US real estate market.
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