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Post Double Dip, Case-Shiller Index Edges Higher

June 28, 2011

Post Double Dip, Case-Shiller Index Edges Higher

06/28/2011 By: Carrie Bay

One month after reporting that its home price gauge had officially double dipped, Standard & Poor’s says prices have inched up, in line with the expected seasonal boost that accompanies the spring buying season.

The 20-city composite reading of the S&P/Case-Shiller index posted a 0.7 percent increase in April versus March. It’s the first monthly gain in eight months.

The 20-city composite reading remains 4.0 percent below April 2010.

From: http://ping.fm/NOvF5

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