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Housing Market Displays New Vigor as Prices Rise
Keywords:
The Case-Shiller 20 city Index showed a gain of 1.6% from the prior month in July 2012, and an increase of 5.9% year to date through July 2012. Experts say some of this improvement comes from less short and foreclosure sales which boost pricing data.
Karl Case on Housing in America in 2010.
09/01/2010
The co-author of the Case-Shiller Housing index on housing markets, and what the dream of buying a house in America really means; what its benefits really are outside of speculation.
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According to Karl Case its basically flat in 2010 and quite fragile, with a lot of inventory out there. By 2012 the situation had not changed much, except for Washington D.C. with growth in employment, and a small spurt in 2011 in Phoenix from out of state and Canadian buyers. Prices in Las Vegas and other cities continued to decline and there were fears of more homes being released by banks from foreclosed properties in judicial states such as Florida.
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