False Hope for Housing From Case-Shiller

Aug. 31, 2010 10:15 AM ET14 Comments
Tim Iacono profile picture
Tim Iacono

Standard and Poor’s reported that both the 10-city and 20-city Case Shiller home price indexes rose 1.0 percent from May to June following a bigger gain the month prior, reflecting the end of the homebuyer tax credit that expired two months ago.

This will no doubt offer some hope for housing bulls, however, it will be undoubtedly be short-lived, similar to the home price gains that were seen last fall that were then followed by declines when the first round of the tax credit expired.

This article was written by

Tim Iacono profile picture
Tim Iacono is the founder of the investment website 'Iacono Research', a subscription service providing market commentary and investment advisory services specializing in natural resources. He also writes a financial blog known as 'The Mess That Greenspan Made', a sometimes irreverent look at the many and varied after-effects of the Greenspan term at the Federal Reserve. Use the links below to visit Tim's website/blog.

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