Second Quarter of 2010 Shows Modest Increase in House Prices

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August 31, 2010: Data through June 2010, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, show that the U.S. National Home Price Index rose 4.4% in the second quarter of 2010, after having fallen 2.8% in the first quarter states Case Shiller.

This will no doubt offer some hope for housing bulls, however, it will be undoubtedly be short-lived, similar to the home price gains that were seen last fall that were then followed by declines when the first round of the tax credit expired according to, Tim Lacano of Seeking Alpha.

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