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July US Home Prices Up In July But Outlook Not So Bright

The Case-Shiller 20-city index (does not include Philadelphia Housing Market) showed home prices increased in July from June and increase from July 2009.

The gain is due to the peak summer season. The gloomy outlook is due to more foreclosures, high unemployment and reluctant buyers.
I think the economy should heal on its own. Tax credits and quantitative easing will only create more problems in the future and do little in the short run.


September 29, 2010 - Posted by | Uncategorized |

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