Wednesday, December 30, 2009
Prices were 0.4% higher than they were in September on a seasonally-adjusted basis, the Standard & Poor's/Case-Shiller Home Price index said.
And confidence among US consumers has shown a larger-than-expected rise.
Improved optimism over the jobs market saw consumer confidence hit a three-month high in December, according the Confidence Board.
The recovery in the housing market continues to be uneven, with only 11 of the 20 cities tracked showing house price gains. On a yearly basis, prices were 7.3% lower.
The index records the prices of homes in 20 of the largest cities in the US.
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by World House Info @ 11:13 PM
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Monday, December 28, 2009
There is hesitation over the likely state of the British housing market in 2010 with experts on Monday making contrary predictions.
Hometrack, which collates and interprets data for the housing and residential industries, has issued a gloomy forecast - house prices will fall in 2010 by 1 percent.
Hometrack says pressures on household incomes; increasing unemployment and a bumpy economic recovery are all likely to offset the inflationary pressure on prices created by a shortage of sellers.
Hometrack's director of research Richard Donnell told the Guardian newspaper: "While economic growth is predictable to pick up in 2010, rising unemployment and slow growth in household incomes is set to act as a drag on demand."
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by World House Info @ 11:18 PM
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