From the FINANCIAL TIMES:
Home prices in the largest US cities fell in January, underscoring how fragile one of the economy’s most crucial sectors remains in spite of aggressive efforts to stimulate the market.
Meanwhile, US consumers shrugged off fears about the housing market and unemployment in March as figures from the Conference Board showed Americans starting to regain their confidence.
The closely watched S&P/Case-Shiller home price index showed house prices had fallen by 0.7 per cent in January from the same month a year ago. However, that was in line with economists’ expectations and it was the smallest year-on-year decline in three years…
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