Tuesday, June 25, 2013

Voice of America: US Home Prices See Biggest Gain in 7 Years

Voice of America
Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries
US Home Prices See Biggest Gain in 7 Years
Jun 25th 2013, 22:53

A new report confirms U.S. home prices are on the rise.  Of 20 major cities in the Standard & Poor's/Case Schiller home price index - 12 posted double digit gains in April, compared to last year.  Industry experts say prices will continue to rise due to smaller inventories but some say tight lending standards and rising interest rates could put a damper on the housing recovery.  U.S. home prices are up more than 12 percent since last year. That bodes well for the world's ...

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