Home prices rose againin July, this activity will definitely help the foreclosure markets recover. Higher home prices show that the recession is slowing because the consumer is still willing to take some risk with the home prices are lower. The home prices for Los Angeles and Orange County gained for the second consecutive month in July. The increase was 1.8%.
A twenty city composite home price index was up 1.65 percent vs. June, the third consecutive month to month gain.
Thirteen cities in the index enjoy at least three consecutive months of positive pricing. Over all the annual home prices continues to decelerate and some stability seem to be coming back to the housing market.
The indexes were Standard and Poors and Case-Shiller home price indexes.
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