A sign announcing the Open House for a House for sale in Silver Spring, Maryland, May 23, 2010.
Credit: Reuters/Jonathan ErnstNEW YORK | Wed May 26, 2010 11: 27 am EDT
NEW YORK (Reuters)-various types; home prices fell for the eighth straight month in February, slowly closer to a container, 2009, a survey said on Tuesday watched closely.
The S and P/Case Shiller composite index of 20 metropolitan areas fell 0.2 percent in February from January on a seasonal basis, slightly better than the median of economists ' Forecast for a decline of 0.3%.
The 20-City composite index was at 139.27, holding just a hair above the low of 139.26 2009. Originating in the United States average prices are back to levels where it was in the summer of 2003.
Prices in 20 cities have fallen 3.3 percent year over year, expectations.
"There is very little, if any, good news about housing. Prices continue to weaken, trends in sales and construction are disappointing, "David Blitzer, Chairman of the Committee on S and P index indicators, said in a statement.
"Recent data on existing-home sales, housing starts, foreclosure activity and employment confirms that we are still on a slow recovery."
The homes for sale has priced market struggling to regain traction, since the home buyer tax credit expired last spring.
Other items in the last week has proposed some stabilization of the market with sales of new and existing homes increased in March.
Financial markets were unchanged from the circumstances of the case-Shiller on Tuesday, with US stocks index futures pointing higher Open with investors focusing on earnings from major companies.
(Reporting by Leah Schnurr, edited by Chizu Nomiyama)
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