Tuesday, July 31, 2012

Home prices creeping back

Home prices in 20 major U.S. metropolitan areas climbed 2.2% in May from the month before on a non-seasonally adjusted basis, according the S&P/Case-Shiller report. That came in stronger than the 1.5% gain economists expected. Prices slipped 0.7% from the same month in 2011, a shallower fall than the 1.5% anticipated.

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