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Usa: house prices still at low levels, confidence in decline

The suffering continues on the real estate market, currently stabilized at 2002 levels with major centers in severe difficulty. Consumer confidence also fell slightly in April.

The price of housing in the United States it continued to decline in the first few months of the year, pushing the indices downwards February.

Il Case Shiller relating to the ten largest metropolitan areas is decreased by 0,8% compared to the month of January, same trend of the analogous index on twenty cities.

The real estate market remains embroiled in a still weak recovery despite brick prices still very low and interest rates at historic lows.

However, David Blitzer, head of indices at S&P, noted some signs of market strengthening in some cities, specifying that, however, the centers most affected by the collapse in prices continue to struggle to recover.

In February, the average house price in the United States returned to the levels of 2002, as reported by the level of the composite index which records the country's twenty largest cities.

As for the consumer confidence index, after declining slightly in March it remained virtually unchanged in April, at 69,2, down slightly from 69,5 in March.

 

 

 

 

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