Thursday, July 7, 2011

April saw Higher Housing Prices

The average housing prices increased for the first time in eight months during April as the spring surge in activity caused a 0.7% increase in average price according to the house price index by Standard &Poor’s/Case-Shiller. The strong performance in the real estate market this month however does not indicate a recovery has begun and it will take several months of continued increases to confirm that the market has bottomed out across the country. One undeniable fact is that this is a positive result for the struggling housing market.

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