Why Home Price Gains Might Even Stick This Time

Cita: 

Weise, Karen [2012], “Why Home Price Gains Might Even Stick This Time”, Business Week, New York, 28 de agosto, http://www.bloomberg.com/bw/articles/2012-08-28/why-home-price-gains-mig...

Fuente: 
Business Week
Fecha de publicación: 
Martes, Agosto 28, 2012
Idea principal: 

Well, here's some good news: On Tuesday the Case-Shiller Index showed that June home prices in 20 US cities were higher than a year ago, the first year-over-year gain since 2010, when a first-time homebuyer tax credit boosted sales. In July, there were 58,000 completed foreclosures in the US, down from 69,000 a year ago, according to CoreLogic. It attributed the decrease to banks doing more alternative resolutions such as short sales, which tend to fetch higher prices than foreclosures. Because it's unlikely that foreclosures will again flood the market, CoreLogic thinks demand will be sufficient to meet any increases in supply without hurting prices. That's not to say there aren't headwinds. Unemployment is still high and consumer confidence is trending down.