Skepticism persists despite home report
Figures show for the first time in three years, home prices went up. The survey measured home sales in 20 large American cities. Despite the good news, prices are still 15 percent below levels from a
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Aug 25, 2009, 11:31 PM
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Updated 5,536 days ago
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Figures show for the first time in three years, home prices went up.
The survey measured home sales in 20 large American cities. Despite the good news, prices are still 15 percent below levels from a year ago.
"I'm a little bit skeptical that we're going to have a rebound in prices," says Rutgers economist James Hughes. "It's entirely possible we could be bouncing along the bottom for a very long time."
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