BOSSA.CZ (BOSSA.CZ)
Markets  |  January 29, 2013 15:00:00

Home prices in the U.S. are growing strongly


iPoint.cz Single-family home prices in 20 U.S. cities rose in November year on year at 5.5 percent. Thus reached the strongest growth over the past 6 years. This report confirmed that the housing market is on the right track and continues to strengthen. Changes in real estate prices as measured by the S & P / Case-Shiller and from November 2011 recorded a significant shift upwards. Economists predicted growth this time exactly.

Mortgage interest rates hitting record lows, which is becoming the driving force for the real estate market. Property prices could thus continue growing trend in the set.November was the tenth month in a row that it has increased prices and is thus the longest series of growth since the crisis started in 2006. Housing Market becomes the hope for the development of the U.S. economy in 2013, as it is mainly in the construction sector could increase employment. It is expected that this year could also stand profits mainly companies from the construction sector.

Eurodollars on 4 hours chart could break downward trend line and strengthens. From yesterday's session again traded in a narrow band over the support 1.34. The higher growth will have to first overcome the resistance Eurodollars 1.3495 Fibonacci level, together with the 50th


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