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Friday 29 January 2010

QROPS Advice: Investment News: Home prices in 20 U.S. cities rose in November

Home prices in 20 U.S. cities rose in November for the sixth consecutive month, signalling the industry that precipitated the worst recession since the 1930s is stabilizing. The S&P/Case-Shiller home-price index increased 0.2 percent from the prior month on a seasonally adjusted basis, after a 0.3 percent rise in October, the group said on Tuesday. The gauge was down 5.3 percent from November 2008, exceeding expectations and the smallest year-over-year decline in two years.

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