US Housing Prices, And Confidence, Rise

New data shows the U.S. housing market strengthening.  The S&P Case Schiller Home Price Index shows average home prices in 20 of the biggest US cities rose more than nine percent in the last 12 months. That’s the biggest gain in nearly seven years. Analysts say it may be one of the reasons why U.S. consumer confidence is improving.

Five years after the collapse of the U.S. housing market, Americans seem ready to buy again. Pending home sales are up 7 percent over last year, …

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