North America – snail’s pace recovery, declining home sales
US house prices fell 3.31% over the year to Q2 2010 (FHFA figures), but rose in the last quarter by 0.42% (seasonally and inflation-adjusted)—the first quarterly increase since Q2 2009, and the highest since 2007.
However, the American housing market is braced for a possible fall next quarter. Existing home sales slumped to 3.83 million units in July 2010...
