Photo by Lee LeFever on Flickr.
Answer: Veeerrrry slowly.
Th- th- th- th- that’s all, folks.
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Charles Rutenberg Realty
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Standard & Poor’s Case-Shiller Home Price Indices – which exclude apartment sales and include whole Metropolitan Statistical Areas (MSAs) – show that U.S. prices fell in the fourth quarter. But the annual rate of return improved as compared with the third quarter.
“As measured by prices, the housing market is definitely in better shape than it was this time last year,” said David M. Blitzer, S&P’s chairman of the Index Committee. “However, the rate of improvement seen during the summer of 2009 has not been sustained.
The chart above depicts the annual returns of the U.S. National, the 10-City Composite and the 20-CityComposite Home Price Indices. Continue reading