By Renae Merle
Washington Post Staff Writer
Wednesday, March 31, 2010
Home prices rose modestly in January, according to a closely watched index released Tuesday, but some housing industry analysts remain concerned about the sustainability of the housing sector rebound.
Home prices in 20 cities tracked by the Standard & Poor's/Case-Shiller home price index rose 0.3 percent on a seasonally adjusted basis in January compared with December. That was the eighth consecutive monthly increase in the index. Compared with the same period a year earlier, prices were down 0.7 percent.
Washington Post Staff Writer
Wednesday, March 31, 2010
Home prices rose modestly in January, according to a closely watched index released Tuesday, but some housing industry analysts remain concerned about the sustainability of the housing sector rebound.
Home prices in 20 cities tracked by the Standard & Poor's/Case-Shiller home price index rose 0.3 percent on a seasonally adjusted basis in January compared with December. That was the eighth consecutive monthly increase in the index. Compared with the same period a year earlier, prices were down 0.7 percent.
Home prices have shown signs of stabilizing even as millions of jobs were lost thanks to the federal tax credits for homebuyers, buy my house fast which expired in April; but added that the market must now show steady improvement and eventually be able to stand on its own.
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