U.S Home prices should fall at a slower pace as consumer confidence is up
Home values in 20 U.S. metropolitan areas probably decreased at a slower pace and consumer confidence climbed, signs the recession is easing as the real estate crisis dissipates, economists said before reports today. The S&P/Case-Shiller home-price index fell 16.4 percent in June from a year earlier, the smallest drop in almost a year, according to the median forecast of 31 economists surveyed by Bloomberg News. A report from the Conference Board may show confidence rose in August for the
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