NEW YORK (Reuters) - Single-family home prices dipped in June from May as the market continued to crawl along at depressed levels, a closely watched survey said on Tuesday.
The S&P/Case-Shiller composite index of 20 metropolitan areas slipped 0.1 percent on a seasonally adjusted basis. A Reuters poll of economists had expected prices to be unchanged. On a non-seasonally adjusted basis, the index rose 1.1 percent.
"This month's report showed mixed signals for recovery in home prices. No cities made new lows in June 2011, and the majority of cities are seeing improved annual rates," David Blitzer, chairman of the index committee at Standard & Poor's, said in a statement.
via news.yahoo.com
