The latest Case-Shiller Home Price Index, which tracks home sales in 20 metro markets, shows a slight improvement in home prices, though numbers continue to be lower than they were a year ago. In New York, prices increased 0.8 percent in July but are still 10.3 percent lower than last July. Analyst Dan Greenhaus says, "Despite the disparity these measures may be indicating, there is little doubt the housing market is improving." Optimism, numbers be damned! [WSJ via Matrix; previously]
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