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Case-shiller Index Rises In Us

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Haven't seen a thread on this yet.

The Composite 10 index is off 31.6% from the peak, and up about 1.3% in July.


Looks like the slope of hope has reached a low. But Calculated Risk - as always - gives good context:

Extend the tax credit and we might be looking at the core CPI showing deflation. Welcome to the Fed's nightmare.


Just more evidence of some shadow inventory and the next wave of foreclosures.


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