It seems that house prices are finally starting to flat-line according to this article. We might even see some growth going forward with a recovery in 2009. It should be good for any financials that can get through this mess intact.
The S&P/Case-Shiller's measure of prices in 20 metropolitan areas fell 0.5 percent from the previous month, with nine areas reporting a gain compared with seven in May. Prices were down 15.9 percent from the previous year, less than economists had projected.
``We have cities that have been up three months in a row, including Boston,'' Karl Case, co-founder of the index and a professor at Wellesley College, said in a Bloomberg Television interview. ``The last three months are encouraging to me.''
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