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Global House Prices Report 2010

November 1st, 2010

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…

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