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Home prices in August up fourth straight month

House prices appear to be finally stabilizing after a disastrous fall in the previous year. The current trend could help the construction industry and overall employment figures if house prices continue to increase.

The Standard & Poor’s/Case-Shiller composite index of home prices in 20 metropolitan areas rose 1.2 percent in August from July, above the estimate of a 0.7 percent rise found in a Reuters poll. The increase, however, was less than the 1.6 percent seen in July, S&P said.

The composite index of prices in 10 metropolitan areas gained 1.3 percent in August after a 1.7 percent rise the previous month.

Reuters

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November
20
Today’s Global
Market Events
8:30 am

CAD
Core Retail Sales m/m
0.5%
CAD
Retail Sales m/m
0.8%
10:00 am

USD
Existing Home Sales
5.57m
6:00 pm

AUD
CB Leading Index m/m
1.8%