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US Housing Prices Make a Modest REcovery

Posted by admin December - 29 - 2009 - Tuesday

US house prices rose in October for the fifth month in a row, according to a leading index.

Prices were 0.4% higher than they were in September on a seasonally-adjusted basis, the Standard & Poor’s/Case-Shiller Home Price index said.

And confidence among US consumers has shown a larger-than-expected rise.

Improved optimism over the jobs market saw consumer confidence hit a three-month high in December, according the Confidence Board.

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