U.S. house price rises continue to accelerate!
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Boomtime is back! U.S. house price rises are accelerating, consumer confidence is at a five-year high, construction activity is picking up, and foreclosures and delinquency rates are falling.
During the year to end-Q1 2013, the S&P/Case-Shiller seasonally-adjusted national home price index soared by 10.17% (8.31% in real terms), the biggest year-on-year increase since Q1 2006, according to Standard & Poor’s. Quarter-on-quarter (q-o-q), the national home price index rose by 3.94% (3.3% in real terms) in Q1 2013.
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