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US house prices up five months in a row [ClearOnMoney]

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Commentary

US house prices up five months in a row

29 Aug 2012 by Jim Fickett.

Yesterday S&P released the Case Shiller house price indices through June. Inventory has been in a range healthy for prices for 8 months and, using the 20-city index, seasonally adjusted, prices have been rising for 5 months. I doubt we will see a boom in either house prices or construction any time soon, but this does suggest that prices may have more or less bottomed.